| Índice | Summary and main conclusions Chapter 1 Macroeconomic developments in the euro area Chapter 2 Structural reforms in labour and product markets and macroeconomic performance in the EU Chapter 3 Bond market integration in the EU Chapter 4 Economic and financial market consequences of ageing populations Chapter 5 Real and nominal convergence in the transition accession countries: selected issues Statistical annex The 2002 issue of the EU review analyses in-depth five specific topics in the context of the current policy challenges. First, recent macroeconomic and policy developments in the euro area are discussed. Second, a chapter on structural reforms in labour and product markets examines the main patterns of reforms across Member States and scans their impact on macroeconomic performance in terms of growth and productivity, real wages and employment. Third, as a follow-up to the chapter on financial market integration in the 2001 EU review, a chapter on European bond market integration takes a closer look at this market segment where financial integration should advance rapidly with potential for important welfare benefits. Fourth, a chapter on ageing analysesthe potential impact of demographic changes on savings, capital markets and real interest rates. Finally, a chapter on enlargement identifies the conditions that would allow the accession countries to best manage the convergence process. |
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