Aiyar, Shekhar; Bluedorn, John Christopher; Duval, Romain; … - 2019
-remain significant in the euro area. In part, the differences reflect the lack of a national nominal exchange rate as a mechanism to … insure against all shocks. National policies thus have a vital role to play. This IMF staff discussion note analyzes how … national structural policies can help euro area countries better deal with economic shocks. Using a mix of empirical and …