FISCAL AND MONETARY DETERMINANTS OF THE EURO AREA'S GROWTH AND CYCLICAL RECURRENCE

Petar Yurukov ()
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Petar Yurukov: South-West University "NeofitRilski", Blagoevgrad

Economics & Law, 2019, vol. 1, issue 2, 16-25

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.

Keywords: Euro area; economic growth; business cycle; fiscal policy; monetary policy; vector autoregression (search for similar items in EconPapers)
JEL-codes: E32 E52 E62 F43 (search for similar items in EconPapers)
Date: 2019
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http://el.swu.bg/ikonomika/volume-1-issue-2-2019/f ... cyclical-recurrence/ (text/html)

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Persistent link: https://EconPapers.repec.org/RePEc:neo:ecolaw:v:1:y:2019:i:2:p:16-25

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