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  1. Monetary-fiscal interactions and the euro area's malaise
    Author: Jarociński, Marek; Maćkowiak, Bartosz
    Published: [2017]
    Publisher:  European Central Bank, Frankfurt am Main, Germany

    When monetary and fiscal policy are conducted as in the euro area, output, inflation, and government bond default premia are indeterminate according to a standard general equilibrium model with sticky prices extended to include defaultable public... more

    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signature:
    DS 534 (2072)
    Inter-library loan:
    No inter-library loan

     

    When monetary and fiscal policy are conducted as in the euro area, output, inflation, and government bond default premia are indeterminate according to a standard general equilibrium model with sticky prices extended to include defaultable public debt. With sunspots, the model mimics the recent euro area data. We specify an alternative configuration of monetary and fiscal policy, with a non-defaultable eurobond. If this policy arrangement had been in place since the onset of the Great Recession, output could have been much higher than in the data with inflation in line with the ECB's objective.

     
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    Volltext (kostenfrei)
    Source: Union catalogues
    Language: English
    Media type: Ebook
    Format: Online
    ISBN: 9789289927949
    Other identifier:
    hdl: 10419/175696
    Series: Working paper series / European Central Bank ; no 2072 (June 2017)
    Subjects: Finanzpolitik; Geldpolitik; Eurobond; Wirtschaftswachstum; Eurozone
    Scope: 1 Online-Ressource (circa 46 Seiten), Illustrationen
  2. Monetary-fiscal interactions and the euro area's malaise
    Author: Jarociński, Marek; Maćkowiak, Bartosz
    Published: 2017
    Publisher:  Centre for Economic Policy Research, London

    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signature:
    W 32 (12020)
    Inter-library loan:
    Unlimited inter-library loan, copies and loan
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Print
    Series: Array ; DP 12020
    Subjects: Finanzpolitik; Geldpolitik; Eurobond; Wirtschaftswachstum; Eurozone
    Scope: 35 Seiten, Illustrationen
    Notes:

    Erscheint auch als Online-Ausgabe
  3. Monetary-fiscal interactions and the euro area's malaise
    Author: Jarociński, Marek; Maćkowiak, Bartosz
    Published: August 2017
    Publisher:  National Bureau of Economic Research, Cambridge, MA

    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signature:
    W 1 (23746)
    Inter-library loan:
    Unlimited inter-library loan, copies and loan
    Export to reference management software   RIS file
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Print
    Series: Working paper series / National Bureau of Economic Research ; 23746
    Subjects: Finanzpolitik; Geldpolitik; Eurobond; Wirtschaftswachstum; Eurozone
    Scope: 35 Seiten, 6 ungezählte Seiten, Illustrationen
    Notes:

    Erscheint auch als Online-Ausgabe