Monetary and Fiscal Spillovers Across the Atlantic: The Role of Financial Markets

Luigi Bonatti (luigi.bonatti@unitn.it), Andrea Fracasso and Roberto Tamborini

No 2021/09, DEM Working Papers from Department of Economics and Management

Abstract: We present a review of the channels through which the US fiscal and monetary post-pandemic policies may affect the euro area. US spillovers will likely be relevant and worth considering while setting the policy stance in the euro area, at a crossroad between economic global recovery and global overheating. A key role is going to be played by global financial markets, their appetite for open-ended stimulative policies and fears of hard disinflation scenarios affecting central banks' ability to keep the economies on the recovery path and inflation expectations anchored.

Date: 2021
New Economics Papers: this item is included in nep-ban, nep-cba, nep-ifn, nep-isf, nep-mac and nep-mon
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Persistent link: https://EconPapers.repec.org/RePEc:trn:utwprg:2021/09

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