Including the trade policies of the European Union.
See “Corporate Balance Sheet Restructuring in the Euro Area” (in SM/03/38).
For a discussion of exchange rate pass-through in the euro area, see the accompanying Selected Issues paper.
See “Prosperity and Depression”, 2002 Richard T. Ely Lecture by Edward C. Prescott.
See Selected Issues paper “Is Inflation Persistence Higher in the Euro Area than in the United States?”.
See Selected Issues paper “Euro Area Business Cycles: The Role of Supply and Demand Disturbances”.
See the 2002 Staff Report (SM/02/203), and the accompanying Selected Issues (SM/02/311), in particular, “The Eurosystem’s Definition of Price Stability” and “The ECB’s Policy Strategy: An Assessment of the Role of the Money Pillar”.
A staff paper on the macroeconomic dimensions of euro entry is under preparation.
See “Characteristics and Effects of Fiscal Consolidations in the EU: Evidence from Cross country Analysis”, Public Finances in EMU, European Commission, 2003.
See last year’s Staff Report (SM/02/203).
See Broad Economic Policy Guidelines, European Commission, 2003.
See Selected Issues paper “Aging and the SGP”.
The staff’s analysis of the impact of CAP reforms, “Reshaping the CAP: The Midterm Review Proposals”, is presented in SM/03/38.
See the accompanying Selected Issues paper “EU Eastern Enlargement: Impact on Trade and FDI”.