作者信息:
莱曼·克里什托夫(Lehmann Kristóf): 匈牙利国家银行主任. E-mail: lehmannk@mnb.hu
瑙吉·欧利韦尔(Nagy Olivér): 匈牙利国家银行分析专家. E-mail: agyoli@mnb.hu
绍洛伊·佐尔坦(Szalai Zoltán): 匈牙利国家银行首席经济专家. E-mail: szalaiz@mnb.hu
哈·瓦劳迪·鲍拉日(H. Váradi Balázs): 匈牙利国家银行司长. E-mail: varadib@mnb.hu
摘要:
在本论文中,我们在欧元区方面对经济政策的两大支柱即货币政策与财政政策之间的协调进行介绍。过去的三十年中,欧元区的增长大幅放缓,使这一地区的经济大大偏离了马斯特里赫特标准的逻辑。此外,在欧元区层级还缺乏共同预算以及偶尔自相矛盾的规则未能考虑各部门相关性,这都指向了体系上的问题。近年来,由于超宽松的货币政策未能充分刺激经济增长,困难变得更加突出。旨在遵循以马斯特里赫特标准为模型的财政规则的财政政策并在欧元区内总体上视为严格的财政政策加重了这种消极的情况。近几个月来,欧洲中央银行(ECB)的决策者们就经济政策各部门的作用展开了公开辩论。在目前的政治和法律框架下,欧洲中央银行以宽松货币环境的回旋空间相当有限。有鉴于此,可能需要采取更加积极的财政政策来刺激欧元区经济,但是,这可能会进一步加剧各个成员国的经济政策制定者之间的争论。
引用格式 (APA):
Lehmann, K., Nagy, O., Szalai, Z., & H. Váradi, B. (2021). Coordination(?) between Branches of Economic Policy across Euro Area. Financial and Economic Review, 20(Chinese Issue of Selected Studies), 68–91. https://hitelintezetiszemle.mnb.hu/cn/hsz-2021-cn-s4-lehmann-nagy-szalai-varadi
刊:
研究论文
《经济文献杂志》(JEL)编码:
E52,E62,E63,F45
关键词:
货币政策;财政政策;经济政策协调;马斯特里赫特标准
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