OECD Economic Surveys: Euro Area

Frequency :
Irregular
ISSN :
1999-0804 (online)
ISSN :
1995-3747 (print)
DOI :
10.1787/19990804
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OECD’s periodic surveys of the Euro Area’s economy. Each edition surveys the major challenges faced by the country, evaluates the short-term outlook, and makes specific policy recommendations. Special chapters take a more detailed look at specific challenges. Extensive statistical information is included in charts and graphs.

Also available in: French
 
OECD Economic Surveys: Euro Area 2003

OECD Economic Surveys: Euro Area 2003 You do not have access to this content

Authors:
OECD
Publication Date :
31 July 2003
Pages :
216
ISBN :
9789264103948 (PDF) ; 9789264103924 (print)
DOI :
10.1787/eco_surveys-euz-2003-en

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This 2003 edition of OECD's periodic review of the Euro Area's economy includes a special features on fiscal policy challenges, monetary management, and product market competition.
Multilingual Summaries
Also available in: French

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  • Mark
  • Assessment and Recommendations

    Entering its fifth year of existence, the European Economic and

    Monetary Union (EMU) has met major headwinds. At the advent of the single

    currency the euro area experienced solid economic growth, with unemployment

    falling and public finances rapidly improving….

  • Macroeconomic Performanace and Structural Reform

    The euro area’s economic performance since the implementation of the Single Market Programme and Maastricht Treaty in 1992 has been marked by the recovery from the deep 1992-93 recession, with structural unemployment slightly declining as well…

  • Fiscal Policy Challenges

    With monetary policy centralised, fiscal policy in the euro area has been tightly co-ordinated at the central EU level since the advent of the single currency. The co-ordination framework is anchored in the 3 per cent of GDP upper limit for fiscal deficits and the requirement to reduce public debt to below 60 per cent of GDP at a satisfactory pace enshrined in the Treaty and a requirement to move towards and maintain fiscal positions in balance or in surplus over a medium-term horizon....

  • Monetary Management

    The previous Survey concluded that the Eurosystem’s record to date had been satisfactory overall, and developments since then broadly confirm this assessment. The Eurosystem readily weathered the financial stress in the immediate aftermath of the 11 September terrorist attacks in 2001 and managed the introduction of cash euros on 1 January 2002 very smoothly…

  • Policies Bearing on Product Market Competition and Growth

    Competition matters for growth and consumer welfare as it raises the pressure on businesses to allocate and utilise their resources in the best way, while tending to improve the functioning of labour markets. It also pushes enterprises to improve processes and to innovate...

  • Annexes
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