Monetary and Exchange Rate Policies of the Euro Area: The Euro Area Stability Programs

This report describes the monetary and exchange rate policies of the euro area and the euro area stability programs. The Stability and Growth Pact presents annual stability programs (SPs), which outlines the medium-term fiscal objectives. The paper provides a preliminary review of the SPs, assesses the previous fiscal developments, and analyzes the medium-term prospects implied by the new SPs. The study describes the revised stability program and also the past and prospective fiscal adjustment in the euro area as a whole and at the disaggregated level.
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Volume/Issue: Volume 2000 Issue 063
Publication date: May 2000
ISBN: 9781451812916
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Topics covered in this book

This title contains information about the following subjects. Click on a subject if you would like to see other titles with the same subjects.

Business and Economics , Economics- Macroeconomics , Public Finance , ISCR , CR , euro , deficit , ratio , stability program , debt , debt ratio , revenue ratio , Euro area , aggregate debt-to-GDP ratio , area country , reduction target , Fiscal consolidation , Fiscal stance

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Summary

This report describes the monetary and exchange rate policies of the euro area and the euro area stability programs. The Stability and Growth Pact presents annual stability programs (SPs), which outlines the medium-term fiscal objectives. The paper provides a preliminary review of the SPs, assesses the previous fiscal developments, and analyzes the medium-term prospects implied by the new SPs. The study describes the revised stability program and also the past and prospective fiscal adjustment in the euro area as a whole and at the disaggregated level.

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