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Pushing the limit? : fiscal policy in the European Monetary Union

Daniel, Betty Carolyn; Shiamptanis, Christos - In: Journal of economic dynamics & control 37 (2013) 11, pp. 2307-2321

Persistent link: https://www.econbiz.de/10010196884

How Do Monetary and Fiscal Policy Interact in the European Monetary Union?

Canzoneri, Matthew B. - 2012

Formation of the Euro area raises new questions about the coordination of monetary and fiscal policy. Using a New Neoclassical Synthesis (NNS) model, we show that a common monetary policy, responding to area-wide aggregates, has asymmetric effects on countries within the union, depending on...

Persistent link: https://www.econbiz.de/10013100660

The Ecb's Fiscal Policy

Sinn, Hans-Werner - 2018

While the ECB helped mitigate the euro crisis in the aftermath of Lehman, it has stretched its monetary mandate and moved into fiscal territory. This text describes and summarizes the crucial role played by the ECB in the intervention spiral resulting from its bid to manage the crisis. It also...

Persistent link: https://www.econbiz.de/10012918640

Emu : Ready, or Not?

Obstfeld, Maurice - 2021

and monetary union (EMU), as well as on some key problems of Stage Three that EMU's monetary and fiscal structures appear … joint currency. A third problems, one that is central for EMU and to any currency union, lies behind the difficulty of the … consider the past and prospective fiscal adjustments of the EMU 11, and suggest these might pose future difficulties for …

Persistent link: https://www.econbiz.de/10013235280

Large-scale bond purchases in a currency union with segmentation in the market for government debt

Tischbirek, Andreas - In: Journal of economic dynamics & control 95 (2018), pp. 37-69

Persistent link: https://www.econbiz.de/10012004904

Debt and stabilization policy : evidence from a Euro Area FAVAR

Jackson, Laura; Owyang, Michael T.; Zubairy, Sarah - In: Journal of economic dynamics & control 93 (2018), pp. 67-91

Persistent link: https://www.econbiz.de/10011974466

Interactions between monetary and fiscal policy under flexible exchange rates

Leith, Campbell B.; Wren-Lewis, Simon - In: Journal of economic dynamics & control 32 (2008) 9, pp. 2854-2882

Persistent link: https://www.econbiz.de/10003775113

How important is fiscal policy cooperation in a currency union?

Okano, Eiji - In: Journal of economic dynamics & control 38 (2014), pp. 266-286

Persistent link: https://www.econbiz.de/10010387830

Insulation Impossible : Fiscal Spillovers in a Monetary Union

Cooper, Russell - 2010

This paper studies fiscal spillovers in a monetary union. The focus of the analysis is on the interaction between the fiscal policy of member countries (regions) and the central monetary authority. When capital markets are integrated, the fiscal policy of one country will influence equilibrium...

Persistent link: https://www.econbiz.de/10013151966

Inspecting the Mechanism : Leverage and the Great Recession in the Eurozone

Martin, Philippe - 2014

We provide a comprehensive account of the dynamics of eurozone countries from 2000 to 2012. We analyze private leverage, fiscal policy, labor costs and interest rates and we propose a strategy to separate the impact of credit cycles, excessive government spending, and sudden stops. We then ask...

Persistent link: https://www.econbiz.de/10013045645

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