Buch(elektronisch)2014

Euro Area Policies

In: IMF Staff Country Reports v.Country Report No. 14/198

European Dept., International Monetary Fund

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Abstract

This 2014 Article IV Consultation highlights that the euro area recovery is taking hold. Real output has expanded for four consecutive quarters, and financial market sentiment has improved markedly. Complementary policy actions have supported demand, boosted investor confidence, and eased financial conditions. At the national level, governments have made further progress repairing sovereign and bank balance sheets and implementing structure reforms to restore competitiveness. At the area-wide level, the ECB has taken a wider range of measures to support demand and address fragmentation. Over t

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Buch(elektronisch)#12014

Euro Area Policies

In: IMF Staff Country Report 14/199

In: IMF Staff Country Reports v.Country Report No. 14/199

European Dept., International Monetary Fund

This Selected Issues paper assesses the youth unemployment problem in advanced European economies, especially the euro area. Youth unemployment rates increased sharply in the euro area after the crisis. Much of these increases can be explained by output dynamics and the greater sensitivity of youth unemployment to economic activity compared with adult unemployment. Labor market institutions also play an important role, especially the tax wedge, minimum wages, and spending on active labor market policies. The paper highlights that policies to address youth unemployment should be comprehensive a