Arbeitspapier
Towards a new paradigm: The inflation shock as a catalyst?
During the recent inflation episode, the paradigm of separated objectives for monetary and fiscal policies has shown some limits. Fiscal policies have helped mitigate inflation. We advocate for the emergence of a new paradigm that gives equal consideration to fiscal and monetary policies and their interactions. These interactions and their respective spillover effects demand better political coordination and a good dose of pragmatism, in contrast with the binding rules embedded in the separation paradigm so present in the European governance framework. The latter should give more leeway to supply-driven fiscal policies and learn from the US experience.
- Sprache
-
Englisch
- Erschienen in
-
Series: Working Papers ; No. 04/2024
- Klassifikation
-
Wirtschaft
Monetary Policy, Central Banking, and the Supply of Money and Credit: General
Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook: General
Crisis Management
- Thema
-
fiscal policy
monetary policy
inflation
Tinbergen
coordination
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Creel, Jérôme
Geerolf, François
Levasseur, Sandrine
Ragot, Xavier
Saraceno, Francesco
- Ereignis
-
Veröffentlichung
- (wer)
-
Forum for a New Economy
- (wo)
-
Berlin
- (wann)
-
2024
- Letzte Aktualisierung
-
10.03.2025, 11:44 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Creel, Jérôme
- Geerolf, François
- Levasseur, Sandrine
- Ragot, Xavier
- Saraceno, Francesco
- Forum for a New Economy
Entstanden
- 2024
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