European Parliament Library

Kingdom of the Netherlands-Netherlands :, Selected Issues-Cyclically Advanced Euro-Area Economies: Consequences and Policy Options

Label
Kingdom of the Netherlands-Netherlands :, Selected Issues-Cyclically Advanced Euro-Area Economies: Consequences and Policy Options
Language
eng
Abstract
Although the advent of the single currency has generated many advantages for the smaller economies of the euro area, it has raised the possibility that both the amplitude and the duration of cycles in these countries will prove greater than in the past. In the absence of country-specific monetary instruments, discretionary fiscal policy is the only macroeconomic instrument available for influencing aggregate demand in the short term. A business cycle boom may provide a desirable medium-term fiscal position with little risk to growth
resource.governmentPublication
international or intergovernmental publication
Literary Form
non fiction
Main title
Kingdom of the Netherlands-Netherlands :
Nature of contents
dictionaries
Series statement
IMF Staff Country Reports
Sub title
Selected Issues-Cyclically Advanced Euro-Area Economies: Consequences and Policy Options
Content
Other version