skip to primary navigationskip to content
 

"Macroeconomic stabilization, monetary-fiscal interactions, and Europe’s monetary union," ECB Discussion Paper co-authored by Giancarlo Corsetti

last modified Dec 15, 2016 12:06 PM

"Macroeconomic stabilization, monetary-fiscal interactions, and Europe’s monetary union," ECB Discussion Paper co-authored by Giancarlo Corsetti 

Abstract: 

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. 

Paper:

https://www.ecb.europa.eu/pub/pdf/scpwps/ecbwp1988.en.pdf

« November 2017 »
November
MoTuWeThFrSaSu
12345
6789101112
13141516171819
20212223242526
27282930