A nation's economy is managed in large part through fiscal policy. It is a central bank's secondary tool for … influencing a country's money supply after monetary policy. Unfortunately, not everyone is affected equally by any fiscal policy … response to debt through the distributional impacts of its fiscal policy and its public debt management and government bond …

models that made up NCM, fiscal policy played no role - or, to be more precise, fiscal policy had to follow a balanced … a very different view on fiscal policy: in order to cope with the next economic crisis, resulting from the coronavirus … pandemic, most economists recommend an active fiscal policy stance and even a huge increase in debt-to-GDP levels. This paper …

models that made up NCM, fiscal policy played no role – or, to be more precise, fiscal policy had to follow a balanced … a very different view on fiscal policy: in order to cope with the next economic crisis, resulting from the coronavirus … pandemic, most economists recommend an active fiscal policy stance and even a huge increase in debt-to-GDP levels. This paper …

a heterogenous monetary union. Price level determinacy follows if fiscal policy at the level of the union as a whole is … active. Different combinations of national fiscal policies and a common fiscal policy with "Eurobonds" amount to active … fiscal policy for the union, but can have very different implications for the effects of fiscal and monetary policy. We …