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The fiscal-monetary policy mix in the Euro area : challenges at the zero lower bound
Orphanides, Athanasios - 2017
This paper explores the reasons for the suboptimal fiscal-monetary policy mix in the euro area in the aftermath of the global financial crisis and ways in which the status quo can be improved. A comparison of fiscal and monetary policies and of economic outcomes in the euro area and the United...
Persistent link: https://www.econbiz.de/10011749436
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Central bank policies and the debt trap
Orphanides, Athanasios; Ke, T. Tony - 2017
, the Bank of Japan and the ECB in relation to debt dynamics for the United States, Japan, Germany and Italy since the … three central banks. While decisive QE policies by the Federal Reserve and, more recently, by the Bank of Japan have been …
Persistent link: https://www.econbiz.de/10011749492