Afonso, António; Alves, José; Ionta, Serena - 2023
fiscal stances in the period 2001Q4-2021Q4 for a panel of the 19 countries of the Euro Area. Applying local projection …We study the effect of monetary policy surprise shocks on real output and the price level, conditioned on different … response the debt is more important in the effect of monetary policy, for prices, the "Ricardian" nature of fiscal policy …