Tressel, Thierry; Wang, Shengzu; Kang, Joong Shik; … - International Monetary Fund (IMF) - 2014
) macroeconomic policies that support demand and bring inflation in line with the ECB’s medium-term price stability objective; (2 …Imbalances within the euro area have been a defining feature of the crisis. This paper provides a critical analysis of … the ongoing rebalancing of euro area “deficit economies†(Greece, Ireland, Portugal, and Spain) that accumulated large …