| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP12371 |
| DP12371 Macroeconomic Stabilization, Monetary-Fiscal Interactions, and Europe’s Monetary Union | |
| Bartosz Mackowiak; Giancarlo Corsetti; Luca Dedola; Sebastian Schmidt; Marek Jarociński | |
| 发表日期 | 2017-10-13 |
| 出版年 | 2017 |
| 语种 | 英语 |
| 摘要 | The euro area recently experienced 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. |
| 主题 | International Macroeconomics and Finance ; Monetary Economics and Fluctuations |
| 关键词 | Lower bound on nominal interest rates Self-fulfilling sovereign default Eurobond Government bonds Joint analysis of fiscal and monetary policy |
| URL | https://cepr.org/publications/dp12371 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/541182 |
| 推荐引用方式 GB/T 7714 | Bartosz Mackowiak,Giancarlo Corsetti,Luca Dedola,等. DP12371 Macroeconomic Stabilization, Monetary-Fiscal Interactions, and Europe’s Monetary Union. 2017. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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