Author(s): Loublier Mohl Ruscher Vašíček Walsh
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.
|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)|
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.