CESifo Venice Summer Institute 2017: Workshop on "Exchange Rate Adjustment in the Euro Area"

Economic performance in the euro area has been very heterogeneous since 2010. Intra euro-area real exchange rates, however, have not adjusted very much during the last six years. This is arguably a major cause of the euro area's current woes. Yet, to date, there is no consensus as to why there is so little exchange rate adjustment. The workshop provides a platform for discussin recent developments and research on the issue, also with a view towards informing actual policy making in the euro area.