Arbeitspapier
Macroeconomic stabilization, monetary-fiscal interactions, and Europe’s monetary union
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 accommodative monetary and fiscal policy together may be necessary to stabilize economic activity and inflation. The paper describes practical ways for the euro area to be able to implement an effective monetary-fiscal policy mix.
- ISBN
-
978-92-899-2237-1
- Sprache
-
Englisch
- Erschienen in
-
Series: ECB Working Paper ; No. 1988
- Klassifikation
-
Wirtschaft
Price Level; Inflation; Deflation
Fiscal Policy
Comparative or Joint Analysis of Fiscal and Monetary Policy; Stabilization; Treasury Policy
- Thema
-
eurobond
government bonds
joint analysis of fiscal and monetary policy
lower bound on nominal interest rates
self-fulfilling sovereign default
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Corsetti, Giancarlo
Dedola, Luca
Jarociński, Marek
Maćkowiak, Bartosz
Schmidt, Sebastian
- Ereignis
-
Veröffentlichung
- (wer)
-
European Central Bank (ECB)
- (wo)
-
Frankfurt a. M.
- (wann)
-
2016
- DOI
-
doi:10.2866/285512
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:43 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
- Corsetti, Giancarlo
- Dedola, Luca
- Jarociński, Marek
- Maćkowiak, Bartosz
- Schmidt, Sebastian
- European Central Bank (ECB)
Entstanden
- 2016
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