Policies supporting the euro’s international role The decline of the euro’s international role is, on the face of it, puzzling. The euro area displays two of the fundamental elements that economists deem essential in fostering a currency’s international use. The first element is that it is the currency of a large economy that is comparable in economic size to that of the United States.
While the Inflation Report is a hallmark of many inflation targeting economies, it is by no means universal – the same is also true for financial stability report. Nevertheless, a critical question in this context is publication of the central bank’s forecasts. Almost all central banks have some internal forecasts about the inflation and growth rate of the economy.