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Monetary Policy and Structural Reforms in the Euro Area

Author

Listed:
  • van Riet, Ad

Abstract

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.

Suggested Citation

  • van Riet, Ad, 2006. "Monetary Policy and Structural Reforms in the Euro Area," MPRA Paper 78585, University Library of Munich, Germany.
  • Handle: RePEc:pra:mprapa:78585
    as

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    File URL: https://mpra.ub.uni-muenchen.de/78585/1/MPRA_paper_78585.pdf
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    References listed on IDEAS

    as
    1. Reiner Martin & Moreno Roma & Isabel Vansteenkiste, 2005. "Regulatory reforms in selected EU network industries," Occasional Paper Series 28, European Central Bank.
    2. 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, September.
    3. Martin, Reiner & Roma, Moreno & Vansteenkiste, Isabel, 2005. "Regulatory reforms in selected EU network industries," Occasional Paper Series 28, European Central Bank.
    Full references (including those not matched with items on IDEAS)

    Citations

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    Cited by:

    1. A. Durre & F. Drudi & F.P. Mongelli, 2012. "The interplay of economic reforms and monetary policy: the case of the euro area," Post-Print hal-00787189, HAL.
    2. repec:gam:jijfss:v:5:y:2017:i:2:p:12-:d:95264 is not listed on IDEAS

    More about this item

    Keywords

    Monetary policy; structural reforms; euro area;

    JEL classification:

    • D4 - Microeconomics - - Market Structure, Pricing, and Design
    • E02 - Macroeconomics and Monetary Economics - - General - - - Institutions and the Macroeconomy
    • E5 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit

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