Quarterly Report on the Euro Area published today

The European Commission’s Directorate-General for Economic and Financial Affairs today publishes its Quarterly Report on the Euro Area (QREA), featuring in-depth technical analyses of economic issues affecting the euro area. In this edition, staff economists review the issue of shocks and adjustment in the light of recent crises. The report analyses the functioning of a key internal adjustment process in EMU, the “relative price mechanism”, as well as the “real interest rate mechanism”. It also reviews the different implications of high levels of indebtedness. QREA Vol 14 N4 will be published today at 15:00.