Monetary policy accommodation

Publication date: 1 Feb 2017 | Publication type: National Institute Economic Review | External authors: in't Veld, J | JEL classification: E62, F41, F45 | Journal: National Institute Economic Review Issue 239 | Publisher: Sage Publications, London
The Euro Area recommendations endorsed by the European Council in 2016 called for a differentiation of the fiscal effort by individual Member States, taking into account spillovers across Euro Area countries. This article shows model-based simulations of an increase in public investment in Germany...