Jump starting the euro area recovery: would a rise in core fiscal spending help the periphery?
"We show that a fiscal expansion by the core economies of the euro area would have a large and positive impact on periphery GDP assuming that policy rates remain low for a prolonged period. Under our preferred model specification, an expansion of core government spending equal to one percent of...
Main Authors: | Blanchard, Olivier, Erceg, Christopher J., Lindé, Jesper |
---|---|
Institution: | ETUI-European Trade Union Institute |
Format: | TEXT |
Language: | English |
Published: |
Stockholm
2015
Sveriges Risksbank |
Subjects: | |
Online Access: | https://www.labourline.org/KENTIKA-19100591124919287739-Jump-starting-the-euro-area-re.htm |
Similar Items
-
The political economy under monetary union. Has the euro made a difference?
by: Fratzscher, Marcel, et al.
Published: (2008) -
Fiscal devaluation in a monetary union
by: Engler, Philipp, et al.
Published: (2014) -
Monetary financing in the euro area: a free lunch?
by: Tober, Silke
Published: (2015) -
Fiscal aspects of European monetary integration.
by: Hallett, Andrew Hughes, et al.
Published: (1999) -
Economics of monetary union. 12th ed.
by: De Grauwe, Paul
Published: (2018)