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Euro area fiscal stance

Author

Listed:
  • Ferdinandusse, Marien
  • Checherita-Westphal, Cristina
  • Attinasi, Maria Grazia
  • Bańkowski, Krzysztof
  • Palaiodimos, Georgios
  • Trindade Campos, Maria Manuel

Abstract

This paper analyses the appropriateness of the euro area fiscal stance. In this context, the paper presents the relevant definitions and how the euro area fiscal stance has evolved over time. Furthermore, it contains an evaluation of the appropriateness of the euro area aggregated fiscal stance set out in the European Commission JEL Classification: E61

Suggested Citation

  • Ferdinandusse, Marien & Checherita-Westphal, Cristina & Attinasi, Maria Grazia & Bańkowski, Krzysztof & Palaiodimos, Georgios & Trindade Campos, Maria Manuel, 2017. "Euro area fiscal stance," Occasional Paper Series 182, European Central Bank.
  • Handle: RePEc:ecb:ecbops:2017182
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    File URL: https://www.ecb.europa.eu//pub/pdf/scpops/ecbop182.en.pdf
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    References listed on IDEAS

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    Citations

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    Cited by:

    1. Warmedinger, Thomas & Checherita-Westphal, Cristina & Drudi, Francesco & Setzer, Ralph & De Stefani, Roberta & Bouabdallah, Othman & Westphal, Andreas, 2017. "Debt sustainability analysis for euro area sovereigns: a methodological framework," Occasional Paper Series 185, European Central Bank.
    2. R. Golinelli & I. Mammi & A. Musolesi, 2018. "Parameter heterogeneity, persistence and cross-sectional dependence: new insights on fiscal policy reaction functions for the Euro area," Working Papers wp1120, Dipartimento Scienze Economiche, Universita' di Bologna.
    3. van Riet, Ad, 2017. "Monetary Policy Stretched to the Limit: How Could Governments Support the European Central Bank?," MPRA Paper 83451, University Library of Munich, Germany.
    4. repec:kuk:journl:v:51:y:2018:i:1:p:93-111 is not listed on IDEAS
    5. repec:cpn:umkeip:v:16:y:2017:i:4:p:413-432 is not listed on IDEAS

    More about this item

    Keywords

    debt sustainability; fiscal stance; output gap; output stabilisation;

    JEL classification:

    • E61 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Policy Objectives; Policy Designs and Consistency; Policy Coordination

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