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Europe > Ireland

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Cover The Mechanics of a Strong Euro Area
The Mechanics of a Strong Euro Area
IMF Policy Analysis
Ms. Petya Koeva Brooks
and
Mahmood Pradhan

Abstract

Among member states, many structural weaknesses were exposed when economic performance declined significantly and financial markets became more discerning. This book focuses on the analytical underpinnings of real-time policy advice given to euro area policymakers during four cycles of the IMF’s annual Article IV consultations (2012–15) with euro area authorities.

Keywords:
BOOK; European Central Bank; bank; euro; euro area; area country; household debt; Euro area; securities lending; youth unemployment; Bank resolution framework; Small and medium enterprises; Fiscal stance; Securities; Securitization; Europe; Global; Western Europe; SME securitization; securitization market; IMF staff calculation; investment dynamics; Fiscal union
Cover IMF Staff Country Reports
Euro Area Policies: Selected Issues
International Monetary Fund. European Dept.
This Selected Issues paper assesses the youth unemployment problem in advanced European economies, especially the euro area. Youth unemployment rates increased sharply in the euro area after the crisis. Much of these increases can be explained by output dynamics and the greater sensitivity of youth unemployment to economic activity compared with adult unemployment. Labor market institutions also play an important role, especially the tax wedge, minimum wages, and spending on active labor market policies. The paper highlights that policies to address youth unemployment should be comprehensive and country specific, focusing on reviving growth and implementing structural reforms.
Keywords:
ISCR; CR; investment; euro area; youth unemployment; securitization market; investment dynamics; area country; labor market feature; creditor economy; Fiscal stance; Current account; Small and medium enterprises; Securitization; Unemployment; Europe; Global