How Loose, How Tight? : A Measure of Monetary and Fiscal Stance for the Euro Area /

This paper builds a model-based dynamic monetary and fiscal conditions index (DMFCI) and uses it to examine the evolution of the joint stance of monetary and fiscal policies in the euro area (EA) and in its three largest member countries over the period 2007-2018. The index is based on the relative...

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Autor principal: Batini, Nicoletta
Altres autors: Cantelmo, Alessandro, Melina, Giovanni, Villa, Stefania
Format: Revista
Idioma:English
Publicat: Washington, D.C. : International Monetary Fund, 2020.
Col·lecció:IMF Working Papers; Working Paper ; No. 2020/086
Accés en línia:Full text available on IMF