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Adjustment with the Euro the difficult case of Portugal by Olivier Blanchard

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Published by Massachusetts Institute of Technology, Dept. of Economics in Cambridge, MA .
Written in English

Book details:

About the Edition

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.

Edition Notes

StatementOlivier Blanchard
SeriesWorking 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.
ContributionsMassachusetts Institute of Technology. Dept. of Economics
The Physical Object
Pagination28 p. :
Number of Pages28
ID Numbers
Open LibraryOL24642817M

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