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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Bibliographic Details
Main Author: Batini, Nicoletta
Other Authors: Cantelmo, Alessandro, Melina, Giovanni, Villa, Stefania
Format: Journal
Language:English
Published: Washington, D.C. : International Monetary Fund, 2020.
Series:IMF Working Papers; Working Paper ; No. 2020/086
Online Access:Full text available on IMF