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Monetary Policy and Structural Reforms in the Euro Area

Listed author(s):
  • van Riet, Ad

The purpose of this contribution is to give a broad-based account of the possible interactions between the ECB’s monetary policy, on the one hand, and structural policies in the euro area, on the other. While it does not provide a model-based framework, the aim is to present in a qualitative manner the most relevant channels. Two questions will be addressed in this context. The first question is how structural reforms may affect the conduct of monetary policy in the euro area. The second question is how, in turn, the euro area’s monetary policy through its consistent focus on maintaining price stability supports the reform process and, thereby, the realisation of the Lisbon agenda. Finally, this contribution emphasises the urgency of further structural reforms in Europe.

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File URL: https://mpra.ub.uni-muenchen.de/78585/1/MPRA_paper_78585.pdf
File Function: original version
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Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 78585.

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Date of creation: 20 Sep 2006
Publication status: Published in European Trade Union Confederation, 'Structural reforms and macro-economic policy', Brussels (2006): pp. 55-62
Handle: RePEc:pra:mprapa:78585
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  1. Reiner Martin & Moreno Roma & Isabel Vansteenkiste, 2005. "Regulatory reforms in selected EU network industries," Occasional Paper Series 28, European Central Bank.
  2. Schuknecht, Ludger & Hauptmeier, Sebastian & Heipertz, Martin, 2006. "Expenditure reform in industrialised countries: a case study approach," Working Paper Series 634, European Central Bank.
  3. Martin, Reiner & Roma, Moreno & Vansteenkiste, Isabel, 2005. "Regulatory reforms in selected EU network industries," Occasional Paper Series 28, European Central Bank.
  4. Sebastian Hauptmeier & Martin Heipertz & Ludger Schuknecht, 2007. "Expenditure Reform in Industrialised Countries: A Case-Study Approach," Fiscal Studies, Institute for Fiscal Studies, vol. 28(3), pages 293-342, 09.
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