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Sources of inflation persistence in the Euro Area

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21-Jul-2005

Boris Cournède, Alexandra Janovskaia and Paul van den Noord

The persistence of inflation in Euro Area countries is found to be related to structural rigidities. Economics Department Working Paper 435.

Economic Survey of the Euro Area 2005: Integrating services markets

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12-Jul-2005

Integration of service markets could pay large growth dividends. Rapid adoption and implementation of the services directive is crucial. Excerpt from chapter 4 of the OECD Economic Survey of the Euro ...

Economic Survey of the Euro Area 2005: Illustrative estimates of the impact of owner occupied housing costs on inflation

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12-Jul-2005

The main price index used by the ECB, the HICP, does not take housing costs for owner occupiers into account but OECD estimates suggest that they can have a sizeable impact on inflation measures. Excerpt ...

Economic Survey of the Euro Area 2005: Going for growth and resilience

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12-Jul-2005

Making the euro area more resilient against adverse shocks and boosting its potential growth requires structural reforms in labour markets, services markets and better framework conditions for innovation.

Economic Survey of the Euro Area 2005: Putting the fiscal house in order

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12-Jul-2005

Failure of several euro area countries to abide by the fiscal rules results from blurred incentives, and weak surveillance and enforcement. Addressing these problems requires solid budget institutions.

Economic Survey of the Euro Area 2005: Current issues in monetary policy

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12-Jul-2005

Since 2000 inflation has remained close to, but mostly somewhat above the 2% mark, despite weak growth and an appreciating euro. Structural reforms may widen the room for monetary policy action.

Economic Survey of the Euro Area 2005: Outlook and challenges

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12-Jul-2005

The recovery is projected to resume after a soft patch that began in the second half of 2004. But the euro area lacks resilience against adverse shocks amid slow trend growth. Both are likely to be shaped by structural factors, as macroeconomic policy is supportive

Economic Survey of the Euro Area 2005

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12-Jul-2005

Economic growth in the euro area has been lagging behind since the mid 1990s. Boosting the poor growth performance and widening the room for monetary policy requires stepping up the pace of structural ...