Euro Area Fiscal Stance

58 Pages Posted: 3 Feb 2017

See all articles by Krzysztof Bańkowski

Krzysztof Bańkowski

European Central Bank (ECB)

M. Ferdinandusse

European Central Bank (ECB)

Maria Grazia Attinasi

European Central Bank (ECB)

Cristina D. Checherita-Westphal

European Central Bank (ECB)

Georgios Palaiodimos

European Central Bank (ECB)

Maria Campos

Bank of Portugal

Date Written: January 25, 2017

Abstract

The authors are grateful for helpful comments following presentations at the ESCB Monetary Policy Committee and its Working Group on Public Finance, and at the ECB. Special thanks are due to Iñigo Arruga Oleaga, Niccolò Battistini, Francesco Drudi, Pascal Jacquinot, Christophe Kamps, Hans-Joachim Klöckers, Klaus Masuch, Ad van Riet, Igor Vetlov, Thomas Warmedinger (all ECB), Stefan van Parys (Nationale Bank van België), Vladimir Borgy, Barbara Castelletti Font (both Banque de France), Francesco Caprioli, Pietro Rizza (both Banca d’Italia), and Cláudia Rodrigues Braz (Banco de Portugal) for their useful suggestions.

Keywords: fiscal stance, output gap, debt sustainability, output stabilisation

JEL Classification: E61

Suggested Citation

Bańkowski, Krzysztof and Ferdinandusse, M. and Attinasi, Maria Grazia and Checherita-Westphal, Cristina D. and Palaiodimos, Georgios and Campos, Maria, Euro Area Fiscal Stance (January 25, 2017). ECB Occasional Paper No. 182, Available at SSRN: https://ssrn.com/abstract=2910976

Krzysztof Bańkowski (Contact Author)

European Central Bank (ECB) ( email )

Sonnemannstrasse 22
Frankfurt am Main, 60314
Germany

M. Ferdinandusse

European Central Bank (ECB) ( email )

Sonnemannstrasse 22
Frankfurt am Main, 60314
Germany

Maria Grazia Attinasi

European Central Bank (ECB) ( email )

Sonnemannstrasse 22
Frankfurt am Main, 60314
Germany

Cristina D. Checherita-Westphal

European Central Bank (ECB) ( email )

Sonnemannstrasse 22
Frankfurt am Main, 60314
Germany

Georgios Palaiodimos

European Central Bank (ECB) ( email )

Sonnemannstrasse 22
Frankfurt am Main, 60314
Germany

Maria Campos

Bank of Portugal ( email )

Rua Francisco Ribeiro, 2
Lisbon, 1150-165
Portugal

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