scholarly journals Euro Area Monetary and Fiscal Policy Tracking Design in the Time-Frequency Domain

Author(s):  
Patrick M. Crowley ◽  
David Hudgins
2001 ◽  
Vol 31 (125) ◽  
pp. 637-648
Author(s):  
Hansjörg Herr

The terrorattack hit the western world in a situation of a sharp cyclical downturn in the USA, Europe and Japan. Mainly because of increased uncertainty the downturn will be intensified by the attack. Immediately after the attack US monetary and fiscal policy became even more expansive. In Europe monetary policy reacted very reluctantly. Active fiscal policy in the Euro-area is nearly not existing as the Stability and Growth Pact as well as neo-liberal ideology prevents fiscal measures. The inactive economic policy in the Euro-area is not only dangerous for Europe but also a depressing factor for the world economy.


2017 ◽  
Vol 39 (2) ◽  
pp. 206-231 ◽  
Author(s):  
Patrick M. Crowley ◽  
David Hudgins

Sign in / Sign up

Export Citation Format

Share Document