Quarterly Report on the Euro Area. December 2006
Quarterly Report on the Euro Area. December 2006(885 kB)
The fourth issue in 2006 assesses recent economic developments and short-term prospects in the euro area, looking in particular into the possible effects of a US slowdown on the euro-area economy. It also presents estimates of the non-accelerating wage rate of unemployment (NAWRU). A first focus section analyses the causes and policy implications of widening current account differences within the euro area. A second focus section looks at the long-term sustainability of public finances in the euro area.
(Quarterly report on the euro area. 04. December 2006.
Brussels. 56pp. )