Germany / Romania / Turkey / France / Japan / Russia / United States / Netherlands / Italia / Italy / Australia / Portugal / Bulgaria / United Kingdom / China / Mexico / Sweden / Finland / Spain / New Zealand / Ireland / /
Currency
cent / EUR / /
IndustryTerm
real estate boom / high-tech sectors / similar products / real estate market / manufacturing / manufacturing firms / energy / /
Organization
EEAG Report Chapter / Bank of Italy / Groningen Growth and Development Centre / Central Statistics Office / European Commission / European Central Bank / See Chapter / European monetary union / European Union / Ecofin Council / OECD / /
Chapter 2 “overheats” the economy hit by the shock: A demand surge raises output above the natural rate. If the shock is persistent, excess demand still increases domestic prices and wages, but over time rather than