 | How Loose, How Tight? A Measure of Monetary and Fiscal Stance for the Euro Area Author/Editor: Nicoletta Batini, Alessandro Cantelmo, Giovanni Melina, Stefania Villa. Release Date:June, 2020 This paper builds a model-based dynamic monetary and fiscal conditions index (DMFCI) and uses it to examine the evolution of the joint stance of monetary and fiscal policies in the euro area (EA) and more...
| Price: $18.00
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| Leaning Against Windy Bank Lending Author/Editor: Giovanni Melina, Stefania Villa. Release Date:July, 2017 Using an estimated dynamic stochastic general equilibrium model with banking, this paper first provides evidence that monetary policy reacted to bank loan growth in the US during the Great more...
| Price: $18.00
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| Fiscal Buffers, Private Debt, and Stagnation : The Good, the Bad and the Ugly Author/Editor: Nicoletta Batini, Giovanni Melina, Stefania Villa. Release Date:May, 2016 We revisit the empirical relationship between private/public debt and output, and build a
model that reproduces it. In the model, the government provides financial assistance to
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| Fiscal Policy and Lending Relationships Author/Editor: Giovanni Melina, Stefania Villa. Release Date:June, 2013 This paper studies how fiscal policy affects loan market conditions in the US. First, itconducts a Structural Vector-Autoregression analysis showing that the bank spread respondsnegatively to an more...
| Price: $18.00
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