After significant progress as an immediate result of the euro crisis, the drive to complete
Europe's Economic and Monetary Union (EMU) has decelerated. While there is a broad …

After decades of research, discussions related to the link between political events and
monetary policy have been ongoing. The purpose of this study is to examine whether …

When monetary and fiscal policy are conducted as in the euro area, output, inflation, and
government bond default premia are indeterminate according to a standard sticky-price …

This paper explores the reasons for the suboptimal fiscal–monetary policy mix in the euro
area in the aftermath of the global financial crisis and ways in which the status quo can be …

This study investigates the dynamics of fiscal policy and economic stabilization using a
panel dataset from Sub-Saharan Africa (SSA) sourced from the World Development …

We build an euro-area level DSGE model featuring a liquidity shock in the sovereign bonds
market to simulate the strong contraction in economic activity observed during the 2008 …

We study the monetary–fiscal mix in the European Monetary Union. The medium and long-
run effects of conventional and unconventional monetary policy are analysed by combining …

The last review of the ECB's monetary policy strategy in 2003 followed a period of
predominantly upside risks to price stability. Experience following the 2008 financial crisis …

The asymmetric level of integration within the European Union (EU) regarding membership
in the European Monetary Union (EMU) has resulted in inconsistent responses to crises …

How do the effects of monetary policy depend on the fiscal policy stance? We aim to answer
this question using a panel smooth transition local projection model for the euro area. We …