A. Calza, D. Gerdesmeier, and J. Levy, “Euro Area Money Demand: Measuring the Opportunity Costs Appropriately,” IMF Working Paper No. 01/179, 2001; Z. G. Kontolemis, “The ECB’s Monetary Stance: First Pillar Considerations,” IMF Country Report, No. 01/201,2001.
K. Ross, and A. Ubide, “Mind the Gap: What Is the Best Measure of Slack in the Euro Area?” IMF Working Paper No. 01/203, 2001.
R. Ramaswamy and T. Sloek, “The Real Effects of Monetary Policy in the European Union: What Are the Differences?” IMF Staff Papers, Vol. 45, No. 2, pp. 374–95, 1998, (Washington: International Monetary Fund).
B. Clements, Z. G. Kontolemis, and J. Levy, “Monetary Policy Under EMU: Differences in the Transmission Mechanism?” IMF Working Paper No. 01/102, 2001.
A related paper that covers the four largest countries in the euro area is M. Ciccarelli, and A. Rebucci, “The Transmission Mechanism of European Monetary Policy: Is There Heterogeneity? Is it Changing over Time?” forthcoming IMF Working Paper.
A. Belaisch, L. Kodres, J. Levy, and A. Ubide, “Euro-Area Banking at the Crossroads,” IMF Working Paper No. 01/28, 2001.
G. Meredith, “Why Has the Euro Been So Weak?” IMF Working Paper No. 01/155, 2001.
Another contribution discussing the degree of capital market integration across euro-area countries and the implications for future capital flows within the euro area is J. Decressin and P. Disyatat, “Capital Markets and External Accounts: What to Expect from the Euro,” IMF Working Paper No. 00/154, 2000.
A number of contributions by IMF staff on the euro are also included in the volume by P. Masson, T. Krueger, and B. Turtelboom, eds., EMU and the International Monetary System (IMF: Washington DC, 1997).
D. Begg, “The Design of EMU,” IMF Working Paper No. 97/99, 1997; A. Jaeger, “Cyclical Fiscal Policy Behavior in the EU Countries,” IMF Country Report No. 01/201, 2001.
E. Detragiache, G. M. Milesi-Ferretti, T. Daban, and S. Symansky, “Rules-Based Fiscal Policy and the Fiscal Framework in France, Germany, Italy, and Spain,” IMF Country Report No. 01/203, 2001.
J. Decressin, M. Estevao, P. Gerson, and C. Klingen, “Job Rich Growth in Europe,” IMF Country Report No. 01/203, 2001.A related paper discussing the issue of high and persistent rates of unemployment in Europe is “Chronic Unemployment in the Euro Area: Causes and Cures,” IMF World Economic Outlook, May 1999.
R. Ford, and P. Gerson, “Cyclically Advanced Euro-Area Economies: Consequences and Policy Options,” IMF Country Report No. 01/95, 2001.