The Return of Fiscal Policy and the Euro Area Fiscal Rule

被引：0
|
作者：
Vítor Constâncio
机构：
[1] Lisbon School of Economics and Management (ISEG),
来源：
Comparative Economic Studies | 2020年 / 62卷
关键词：
Fiscal Policy; Fiscal Rules; Monetary Policy; European Monetary Union; EU Stability and Growth Pact; E62; E63; E42;
D O I：
暂无
中图分类号：
学科分类号：
摘要：
The text describes the theoretical developments of the assignment rules regarding fiscal and monetary policies and the respective roles in macroeconomics stabilisation. Monetary policy emerged as the dominant policy, reducing the active macro-role of fiscal policy to taking care of debt sustainability. This consensus started to change, and a new view has appeared, giving a more active role to fiscal policy. The article concludes with a brief analysis of fiscal rules, followed by a discussion about the European Union fiscal framework, and its necessary revision.
引用
收藏
页码：358 / 372
页数：14
相关论文
共 50 条
  • [1] The Return of Fiscal Policy and the Euro Area Fiscal Rule
    Constancio, Vitor
    [J]. COMPARATIVE ECONOMIC STUDIES, 2020, 62 (03) : 358 - 372
  • [2] Is fiscal policy in the euro area Ricardian?
    Nikki Panjer
    Leo de Haan
    Jan P. A. M. Jacobs
    [J]. Empirica, 2020, 47 : 411 - 429
  • [3] Is Fiscal Policy Procyclical in the Euro Area?
    Huart, Florence
    [J]. GERMAN ECONOMIC REVIEW, 2013, 14 (01) : 73 - 88
  • [4] Is fiscal policy in the euro area Ricardian?
    Panjer, Nikki
    de Haan, Leo
    Jacobs, Jan P. A. M.
    [J]. EMPIRICA, 2020, 47 (02) : 411 - 429
  • [5] Monetary and fiscal policy interactions in the Euro area
    Semmler W.
    Zhang W.
    [J]. Empirica, 2004, 31 (2-3) : 205 - 227
  • [6] Fiscal Policy and the Great Recession in the Euro Area
    Coenen, Guenter
    Straub, Roland
    Trabandt, Mathias
    [J]. AMERICAN ECONOMIC REVIEW, 2012, 102 (03): : 71 - 76
  • [7] Fiscal policy analysis in the euro area: Expanding the toolkit
    Paredes, Joan
    Pedregal, Diego J.
    Perez, Javier J.
    [J]. JOURNAL OF POLICY MODELING, 2014, 36 (05) : 800 - 823
  • [8] In Search of the Transmission Mechanism of Fiscal Policy in the Euro Area
    Feve, Patrick
    Sahuc, Jean-Guillaume
    [J]. JOURNAL OF APPLIED ECONOMETRICS, 2017, 32 (03) : 704 - 718
  • [9] The return of fiscal policy
    Arestis, Philip
    Sawyer, Malcolm
    [J]. JOURNAL OF POST KEYNESIAN ECONOMICS, 2010, 32 (03) : 327 - 346
  • [10] Fiscal spillovers in the Euro area
    Caporale, Guglielmo Maria
    Girardi, Alessandro
    [J]. JOURNAL OF INTERNATIONAL MONEY AND FINANCE, 2013, 38 : 84 - 84
12345