Bańkowski, Krzysztof; Christoffel, Kai Philipp; Faria, … - 2021
2030 – and it builds on the ECB-BASE –a semistructural model for the euro area. The historical analysis (until end-2019 … reaching favourable macroeconomic outcomes (i.e. recovering pandemic output losses and bringing inflation close to the ECB …This paper attempts to gauge the effects of various fiscal and monetary policy rules on macroeconomic outcomes in the …