He, Xiaoli; Jacobs, Jan; Kuper, Gerard; Ligthart, Jenny - Faculteit Economie en Bedrijfskunde, Rijksuniversiteit … - 2013
This paper analyses the impact of the Global Financial Crisis on the Euro area utilizing a simple dynamic macroeconomic model with interaction between monetary policy and fiscal policy. The model consists of an IS curve, a Phillips curve, a term structure relation, a debt accumulation equation...