Fiscal Consequences of Missing an Inflation Target

Michele Andreolli () and Helene Rey
Additional contact information
Michele Andreolli: Boston College

IMF Economic Review, 2024, vol. 72, issue 2, No 5, 772 pages

Abstract: Abstract The European Central Bank is unique in setting monetary policy for several sovereign states with heterogeneous debt levels and different maturity structures. The monetary–fiscal nexus is central to the functioning of the euro area. We focus on one particular aspect of that nexus, the effect of the reliability of the European Central Bank monetary policy on public debt burdens. We show that when the ECB misses its inflation target this has large heterogeneous fiscal consequences for Euro Area countries.

Date: 2024
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://link.springer.com/10.1057/s41308-024-00239-w Abstract (text/html)
Access to full text is restricted to subscribers.

Related works:
Working Paper: The Fiscal Consequences of Missing an Inflation Target (2023)
Working Paper: The Fiscal Consequences of Missing an Inflation Target (2023)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pal:imfecr:v:72:y:2024:i:2:d:10.1057_s41308-024-00239-w

Ordering information: This journal article can be ordered from
http://www.springer. ... cs/journal/41308/PS2

DOI: 10.1057/s41308-024-00239-w

Access Statistics for this article

More articles in IMF Economic Review from Palgrave Macmillan, International Monetary Fund
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().