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Quarterly Report on the Euro Area (QREA), Vol.14, No.4 (2015)

Author(s): Loublier Mohl Ruscher Vašíček Walsh

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

(Institutional Papers 16. January 2016. Brussels. PDF. 68pp. Tab. Graph. Free.)

KC-BC-16-016-EN-N (online)KC-BC-16-016-EN-C (print)
ISBN 978-92-79-54307-4 (online)ISBN 978-92-79-54306-7 (print)
ISSN 2443-8014 (online)
doi: 10.2765/906035 (online)doi: 10.2765/627167 (print)

JEL classification: A10, C10, E00, E61, F15, F45

European Economy Institutional Papers are important reports and communications from the European Commission to the Council of the European Union and the European Parliament on the economy and economic developments.

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