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Monetary-fiscal policy relations in the euro area : the impact on the primary balance
Dascher-Preising, Fabienne; Greiner, Alfred - 2022
With this paper, our objective is to empirically study public debt sustainability by estimating a fiscal reaction function where the primary balance relative to GDP is assumed to be a function of the public debt to GDP ratio of the previous year and of other macroeconomic variables. In...
Persistent link: https://www.econbiz.de/10013335018
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Estimating regime dependent fiscal spillover effects in a monetary union
Kunzmann, Vanessa - 2023
policy varies between inflation targeting and restrained price level determination. I find that spillover multipliers are …
Persistent link: https://www.econbiz.de/10014335117
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Monetary-Fiscal Policy Relations in the Euro Area : The Impact on the Primary Balance
Dascher, Fabienne Lara; Greiner, Alfred - 2022
primary budget of the government by including the real long term interest rate and the inflation rate, measured as the change …
Persistent link: https://www.econbiz.de/10014079343
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Fiscal Rules and Monetary Policy in a Dynamic Stochastic General Equilibrium Model
Kremer, Jana - 2016
Persistent link: https://www.econbiz.de/10012991349
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Did fiscal consolidation cause the double dip recession in the euro area?
Heimberger, Philipp - 2015
closely related to the harshness of fiscal austerity. Cumulative multiplier estimates are found to vary in a range from 1.4 to … 2.1, depending on the data source used to identify the intensity of fiscal consolidation. Given these multiplier values …
Persistent link: https://www.econbiz.de/10011778844
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U.S. And Euro Area Monetary and Fiscal Interactions During the Pandemic : A Structural Analysis
Hodge, Andrew; Jakab, Zoltan; Lindé, Jesper; Nguyen, … - 2022
“below, but close to 2 percent” to a formal symmetric inflation targeting regime in the euro area or from flexible to average … inflation targeting in the U.S. is shown to boost output and inflation in both regions. Meanwhile, the fiscal packages approved … output and inflation as changing the monetary policy frameworks . Simultaneously implementing these policies is mutually …
Persistent link: https://www.econbiz.de/10014237881
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Inflation: thruway of ECB's monetary policy
Seidl, Christian - 2023
Part of the present inflation is caused by the breakdown of globalization, in particular supply chains, part is caused … the past and in the presence. This paper attributes inflation decisively to the overwhelming money creation by the …
Persistent link: https://www.econbiz.de/10013553631
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COVID-19 and public support for the euro
Roth, Felix; Jonung, Lars; Most, Aisada - 2023
The COVID-19 pandemic had disastrous effects on health and economic activity worldwide, including in the Euro Area. The application of mandatory lockdowns contributed to a sharp fall in production and a rise in unemployment, inducing an expansionary fiscal and monetary response. Using a uniquely...
Persistent link: https://www.econbiz.de/10013541792
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COVID-19 and public support for the euro
Roth, Felix; Jonung, Lars; Most, Aisada - 2022
The COVID-19 pandemic had disastrous effects on health and economic activity worldwide, including in the Euro Area. The application of mandatory lockdowns contributed to a sharp fall in production and a rise in unemployment, inducing an expansionary fiscal and monetary response. Using a uniquely...
Persistent link: https://www.econbiz.de/10013455597
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New paradigms in monetary theory and policy?
Balling, Morten (ed.); Orphanides, Athanasios (ed.) - New Paradigms in Money and Finance? <Veranstaltung> …; … - 2012
On 11-12 May 2011, SUERF and the Belgian Financial Forum, in association with the Brussels Finance Institute and the Centre for European Policy Studies (CEPS) organized the 29th SUERF Colloquium "New Paradigms in Money and Finance?". All the papers in the present SUERF Study are based on...
Persistent link: https://www.econbiz.de/10011711450