Kamps, Christophe; Meier, Carsten-Patrick; Scheide, Joachim - 2000
. Nevertheless, monetary conditions in the euro area are still favorable. In 2000, real GDP is likely to increase by 3.2 percent … because capacity utilization is at its normal level and will rise further. The countries in the euro area have come closer to … strategy of fiscal policy: While deficits were reduced on the road to EMU also by increases in taxes and contributions, the …