Monetary Policy and Structural Reforms in the Euro Area

Published in: European Trade Union Confederation, Structural reforms and macro-economic policy, Brussels, 2006, pp. 55-62

12 Pages Posted: 20 Apr 2017

See all articles by Ad van Riet

Ad van Riet

United Nations University - Institute on Comparative Regional Integration Studies (UNU-CRIS)

Date Written: September 20, 2006

Abstract

The purpose of this contribution is to give a broad-based account of the possible interactions between the ECB’s monetary policy, on the one hand, and structural policies in the euro area, on the other. While it does not provide a model-based framework, the aim is to present in a qualitative manner the most relevant channels. Two questions will be addressed in this context. The first question is how structural reforms may affect the conduct of monetary policy in the euro area. The second question is how, in turn, the euro area’s monetary policy through its consistent focus on maintaining price stability supports the reform process and, thereby, the realisation of the Lisbon agenda. Finally, this contribution emphasises the urgency of further structural reforms in Europe.

Keywords: monetary policy, structural reforms, euro area

JEL Classification: D4, E02, E5

Suggested Citation

van Riet, Ad, Monetary Policy and Structural Reforms in the Euro Area (September 20, 2006). Published in: European Trade Union Confederation, Structural reforms and macro-economic policy, Brussels, 2006, pp. 55-62, Available at SSRN: https://ssrn.com/abstract=2954558 or http://dx.doi.org/10.2139/ssrn.2954558

Ad Van Riet (Contact Author)

United Nations University - Institute on Comparative Regional Integration Studies (UNU-CRIS) ( email )

Brugge
Belgium

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