ECB | Why a more competitive economy matters for monetary policy | European American Chamber of Commerce New York [EACCNY] | Your Partner for Transatlantic Business Resources Why a more competitive economy matters for monetary policy

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ECB | Why a more competitive economy matters for monetary policy | European American Chamber of Commerce New York [EACCNY] | Your Partner for Transatlantic Business Resources Why a more competitive economy matters for monetary policy

By Marinela-Daniela Filip, Daphne Momferatou and Susana Parraga-Rodriguez | At the heart of the euro area’s competitiveness challenges lies weak productivity growth. The ECB Blog looks at how this makes it more difficult to carry out monetary policy. While companies in the euro area are getting more productive, they are doing so at a much slower pace than their competitors. Weak productivity growth is putting monetary policy in a difficult situ…