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Passive monetary policy and active fiscal policy in a monetary union

Maćkowiak, Bartosz; Schmidt, Sebastian - 2023

? How are the price levels in the member countries determined? We extend the fiscal theory of the price level to the case of …

Persistent link: https://www.econbiz.de/10013553440

Passive monetary policy and active fiscal policy in a monetary union

Maćkowiak, Bartosz; Schmidt, Sebastian - 2022

Persistent link: https://www.econbiz.de/10012816964

Macroeconomic stabilization, monetary-fiscal interactions, and Europe's monetary union

Corsetti, Giancarlo; Dedola, Luca; Jarociński, Marek; … - In: European journal of political economy 57 (2019), pp. 22-33

Persistent link: https://www.econbiz.de/10012310559

Passive Monetary Policy and Active Fiscal Policy in a Monetary Union

Maćkowiak, Bartosz; Schmidt, Sebastian - 2023

? How are the price levels in the member countries determined? We extend the ﬁscal theory of the price level to the case of …

Persistent link: https://www.econbiz.de/10014257510

Macroeconomic Stabilization, Monetary-Fiscal Interactions, and Europe's Monetary Union

Corsetti, Giancarlo - 2017

The euro area has been experiencing a prolonged period of weak economic activity and very low inflation. This paper reviews models of business cycle stabilization with an eye to formulating lessons for policy in the euro area. According to standard models, after a large recessionary shock...

Persistent link: https://www.econbiz.de/10012963947