Adjustment with the Euro
the difficult case of Portugal
Rev.
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Author
Contributions
- Massachusetts Institute of Technology. Dept. of Economics - Contributor
Publication
2006 - Massachusetts Institute of Technology, Dept. of Economics, Cambridge, MA, Massachusetts
Language
English
Word Count
7,000 words, Guess
Page Count
28 pages
Identifiers
- Internet Archiveadjustmentwitheu00blan2
- Internet Archiveadjustmentwitheu00blan
- OCLC Control Number170679078
- Open LibraryOL24642817M
Description
In the second half of the 1990s, the prospect of entry in the euro led to an output boom and large current account deficits in Portugal. Since then, the boom has turned into a slump. Current account deficits are still large, and so are budget deficits. This paper reviews the facts, the likely adjustment in the absence of major policy changes, and examines policy options. Keywords: Unemployment, competitive disinflation, euro, productivity growth, common currency, competitiveness. JEL Classifications: E24, F41, J6.
Subjects
Series Statement
- Working paper series / Massachusetts Institute of Technology, Dept. of Economics -- working paper 06-04, Revised
- Working paper (Massachusetts Institute of Technology. Dept. of Economics) -- no. 06-04.
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