Afonso, António; Balhote, Raquel - ISEG - School of Economics and Management, Department … - 2014
Using a panel data set of 14 EU countries from 1970 to 2012, we study the type of monetary and fiscal policies of both … authorities, and assess how they are influenced by certain economic variables and events (the Maastricht Treaty, the Stability and … Growth Pact, the Euro and crises). Results show that inflation has a significant impact on monetary policy, and that …