12 Jan 2016
QUARTERLY REPORT ON THE EURO AREA – 12 JANUARYBrussels Daily
Quarterly Report on the Euro Area (QREA), Vol.14, No.4 (2015)
This edition of the QREA reviews the issue of shocks and adjustment in the light of recent crises. It analyses the functioning of a key internal adjustment process in EMU, the “relative price mechanism”, as well as the “real interest rate mechanism”. It also reviews the different implications of high levels of indebtedness.
Topics: Economic policy coordination; Structural policies, growth and development; EU Member State economies; Labour markets; Product markets; Financial markets; The euro; Economic crisis