01658cas a2200241 a 4500 AALejournalIMF001605 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451829433 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. Kingdom of the Netherlands-Netherlands : Selected Issues-Cyclically Advanced Euro-Area Economies; Consequences and Policy Options. Washington, D.C. : International Monetary Fund, 2001. 1 online resource (28 pages) IMF Staff Country Reports <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students Although the advent of the single currency has generated many advantages for the smaller economies of the euro area, it has raised the possibility that both the amplitude and the duration of cycles in these countries will prove greater than in the past. In the absence of country-specific monetary instruments, discretionary fiscal policy is the only macroeconomic instrument available for influencing aggregate demand in the short term. A business cycle boom may provide a desirable medium-term fiscal position with little risk to growth. Mode of access: Internet IMF Staff Country Reports; Country Report ; No. 2001/095 Full text available on IMF http://elibrary.imf.org/view/journals/002/2001/095/002.2001.issue-095-en.xml IMF e-Library