International audienceThis paper analyses the impact of monetary and fiscal policies' interaction on the financial stability of the eurozone. Based on the construction of a financial stability index for the entire euro area, we assess the impact in terms of the stability of different configurations of policy-mix using a static Keynesian model in a closed monetary union. Mainly following the nature of fiscal spillovers, we show that fiscal coordination may be useful to improve the quality of the European Monetary Union financial stabilisation. The explicit consideration by the European Central Bank of the aggregate euro area financial stability as one of its macroeconomic objectives makes the non-cooperative game efficient. This configuratio...
This paper deals with fiscal policy coordination. In particular, it focuses on the question of how f...
The Fiscal Stability Pact for EMU suggests that constraints on fiscal policy are thought by policy m...
This contribution was delivered on 6 May 2022 on the occasion of the hybrid 2022 edition of EUI Stat...
International audienceThis paper analyses the impact of monetary and fiscal policies' interaction on...
© 2018 Elsevier B.V. The euro area recently experienced a prolonged period of weak economic activity...
Some writers have proposed that under European Monetary Union fiscal policies should be coordinated ...
The euro area has been experiencing a prolonged period of weak economic activity and very low inflat...
Our main objective here is to assess the macroeconomic incidence of this peculiar fiscal setting whe...
This paper highlights the specics of a monetary union, such as the Euro area, regarding the possible...
The financial stability of the eurozone depends on its macroeconomic stability and vice versa. We co...
The Maastricht Treaty clearly separated the domains of the single monetary policy and the national f...
In a two-country model, we consider the implications of monetary and fiscal policy coordination for ...
We extend the model of Leith and Wren-Lewis (2000) to the case of a monetary union. Within a two-co...
The chapter analyses the interaction between the monetary policy and national fiscal policies, takin...
This paper studies the interactions between monetary and fiscal policies in the euro area. The focus...
This paper deals with fiscal policy coordination. In particular, it focuses on the question of how f...
The Fiscal Stability Pact for EMU suggests that constraints on fiscal policy are thought by policy m...
This contribution was delivered on 6 May 2022 on the occasion of the hybrid 2022 edition of EUI Stat...
International audienceThis paper analyses the impact of monetary and fiscal policies' interaction on...
© 2018 Elsevier B.V. The euro area recently experienced a prolonged period of weak economic activity...
Some writers have proposed that under European Monetary Union fiscal policies should be coordinated ...
The euro area has been experiencing a prolonged period of weak economic activity and very low inflat...
Our main objective here is to assess the macroeconomic incidence of this peculiar fiscal setting whe...
This paper highlights the specics of a monetary union, such as the Euro area, regarding the possible...
The financial stability of the eurozone depends on its macroeconomic stability and vice versa. We co...
The Maastricht Treaty clearly separated the domains of the single monetary policy and the national f...
In a two-country model, we consider the implications of monetary and fiscal policy coordination for ...
We extend the model of Leith and Wren-Lewis (2000) to the case of a monetary union. Within a two-co...
The chapter analyses the interaction between the monetary policy and national fiscal policies, takin...
This paper studies the interactions between monetary and fiscal policies in the euro area. The focus...
This paper deals with fiscal policy coordination. In particular, it focuses on the question of how f...
The Fiscal Stability Pact for EMU suggests that constraints on fiscal policy are thought by policy m...
This contribution was delivered on 6 May 2022 on the occasion of the hybrid 2022 edition of EUI Stat...