The interplay between monetary and fiscal policies in the EU

We study the interactions between monetary and fiscal policies in the EU countries, for the period 1995-2019. Our results show notably that: i) the inflation rate has a relevant impact over the central banks’ decision making; ii) the cyclically adjusted primary balance reacts positively to increases...

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Bibliographic Details
Main Author: Afonso, António (author)
Other Authors: Sousa, Alexandre (author)
Format: workingPaper
Language:eng
Published: 2020
Subjects:
Monetary Policy
Fiscal Policy
Reaction Functions
Great Recession
Online Access:http://hdl.handle.net/10400.5/20665
Country:Portugal
Oai:oai:www.repository.utl.pt:10400.5/20665

Internet

http://hdl.handle.net/10400.5/20665

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