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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Détails bibliographiques
Auteur principal: Batini, Nicoletta
Autres auteurs: Cantelmo, Alessandro, Melina, Giovanni, Villa, Stefania
Format: Revue
Langue:English
Publié: Washington, D.C. : International Monetary Fund, 2020.
Collection:IMF Working Papers; Working Paper ; No. 2020/086
Accès en ligne:Full text available on IMF