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Fiscal And Monetary Determinants Of The Euro Area'S Growth And Cyclical Recurrence

Author

Listed:
  • PETAR YURUKOV

    (South-West University "NeofitRilski", Blagoevgrad)

Abstract

The objective of this article is to study the opportunities for managing economic growth and business cycle in the Economic and Monetary Union. The fiscal and monetary determinants of growth and cyclical recurrence in the Euro Area, their size and impact direction have been identified by a vector autoregression. Recommendations have been made on macroeconomic policies, which stimulate growth and smooth out cyclical fluctuations in the Euro area.

Suggested Citation

  • Petar Yurukov, 2019. "Fiscal And Monetary Determinants Of The Euro Area'S Growth And Cyclical Recurrence," Economics & Law, Faculty of Economics, SOUTH-WEST UNIVERSITY "NEOFIT RILSKI", BLAGOEVGRAD, vol. 1(2), pages 16-25.
    • Handle: RePEc:neo:ecolaw:v:1:y:2019:i:2:p:16-25
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    References listed on IDEAS

    as
    1. Athanasios Orphanides, 2020. "The fiscal–monetary policy mix in the euro area: challenges at the zero lower bound," Economic Policy, CEPR, CESifo, Sciences Po;CES;MSH, vol. 35(103), pages 461-517.
    2. Christophe Kamps & Jacopo Cimadomo & Sebastian Hauptmeier & Nadine Leiner-Killinger, 2017. "Reflections on the Euro Area Fiscal Stance," Intereconomics: Review of European Economic Policy, Springer;ZBW - Leibniz Information Centre for Economics;Centre for European Policy Studies (CEPS), vol. 52(3), pages 125-131, May.
    3. repec:ecb:ecbrbu:2017:0036:1 is not listed on IDEAS
    4. Mr. Jeffrey R. Franks & Ms. Bergljot B Barkbu & Mr. Rodolphe Blavy & William Oman & Hanni Schoelermann, 2018. "Economic Convergence in the Euro Area: Coming Together or Drifting Apart?," IMF Working Papers 2018/010, International Monetary Fund.
    5. Eckhard Hein & Daniel Detzer, 2015. "Post-Keynesian Alternative Policies to Curb Macroeconomic Imbalances in the Euro Area," Panoeconomicus, Savez ekonomista Vojvodine, Novi Sad, Serbia, vol. 62(2), pages 217-236, June.
    6. Neck, Reinhard & Haber, Gottfried, 2007. "On the macroeconomics of Euro Area enlargement," Journal of Financial Transformation, Capco Institute, vol. 19, pages 112-120.
    7. Jarociński, Marek & Maćkowiak, Bartosz, 2017. "Monetary-fiscal interactions and the euro area’s vulnerability," Research Bulletin, European Central Bank, vol. 36.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Euro area; economic growth; business cycle; fiscal policy; monetary policy; vector autoregression;
    All these keywords.

    JEL classification:

    • E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles
    • E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy
    • E62 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Fiscal Policy; Modern Monetary Theory
    • F43 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Economic Growth of Open Economies

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