Towards a new policy mix in the euro area ?

P. Butzen, S. Cheliout, N. Cordemans, E. De Prest, W. Melyn, L. Van Meensel and S. Van Parys

Economic Review, 2017, issue iii, 63-91

Abstract: Along with monetary policy, fiscal automatic stabilisers remain the most appropriate economic stabilising instruments, but discretionary counter-cyclical fiscal policy has a role to play too, especially in the event of a sharp economic slowdown.

Date: 2017
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