Policy Mix Coherence Index (PMCI) : A Proposal
Author
Abstract
Suggested Citation
Download full text from publisher
References listed on IDEAS
- Beetsma, Roel M W J & Bovenberg, A Lans, 2001.
"The Optimality of a Monetary Union without a Fiscal Union,"
Journal of Money, Credit and Banking, Blackwell Publishing, vol. 33(2), pages 179-204, May.
- Beetsma, Roel & Bovenberg, A Lans, 1998. "The Optimality of a Monetary Union Without a Fiscal Union," CEPR Discussion Papers 1975, C.E.P.R. Discussion Papers.
- Beetsma, R.M.W.J. & Bovenberg, A.L., 1998. "The optimality of a monetary union without a fiscal union," Other publications TiSEM ffa37f6b-4bf3-4529-889a-8, Tilburg University, School of Economics and Management.
- Beetsma, R.M.W.J. & Bovenberg, A.L., 1998. "The optimality of a monetary union without a fiscal union," Discussion Paper 1998-81, Tilburg University, Center for Economic Research.
- Klein, Michael W. & Marion, Nancy P., 1997.
"Explaining the duration of exchange-rate pegs,"
Journal of Development Economics, Elsevier, vol. 54(2), pages 387-404, December.
- Michael W. Klein & Nancy P. Marion, 1994. "Explaining the Duration of Exchange-Rate Pegs," NBER Working Papers 4651, National Bureau of Economic Research, Inc.
- GalÃ, Jordi & Perotti, Roberto, 2003.
"Fiscal Policy and Monetary Integration in Europe,"
CEPR Discussion Papers
3933, C.E.P.R. Discussion Papers.
- Jordi Gali & Roberto Perotti, 2003. "Fiscal Policy and Monetary Integration in Europe," NBER Working Papers 9773, National Bureau of Economic Research, Inc.
- John Vickers, 2000. "Monetary union and economic growth," Working Paper Research 10, National Bank of Belgium.
- Nasser Ary Tanimoune & Jean-Louis Combes & René Tapsoba, 2012.
"Policy Mix Coherence: What Does it Mean for Monetary Policy in West Africa?,"
CERDI Working papers
halshs-00678712, HAL.
- René TAPSOBA & Jean-Louis COMBES & Nasser ARY TANIMOUNE, 2012. "Policy Mix Coherence: What Does it Mean for Monetary Policy in West Africa?," Working Papers 201213, CERDI.
- Nasser Ary Tanimoune & Jean-Louis Combes & René Tapsoba, 2012. "Policy Mix Coherence: What Does it Mean for Monetary Policy in West Africa?," Working Papers halshs-00678712, HAL.
- Antonio Fatás & Ilian Mihov, 2003.
"The Case for Restricting Fiscal Policy Discretion,"
The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 118(4), pages 1419-1447.
- Fatás, Antonio & Mihov, Ilian, 2002. "The Case for Restricting Fiscal Policy Discretion," CEPR Discussion Papers 3277, C.E.P.R. Discussion Papers.
- Duguay, Pierre, 1994. "Empirical evidence on the strength of the monetary transmission mechanism in Canada: An aggregate approach," Journal of Monetary Economics, Elsevier, vol. 33(1), pages 39-61, February.
- White, Halbert, 1980. "A Heteroskedasticity-Consistent Covariance Matrix Estimator and a Direct Test for Heteroskedasticity," Econometrica, Econometric Society, vol. 48(4), pages 817-838, May.
- Loewy, Michael B., 1988. "Equilibrium policy in an overlapping generations economy," Journal of Monetary Economics, Elsevier, vol. 22(3), pages 485-499.
- Ludovic Aubert, 2003. "Les indices des conditions monetaires," Economie Internationale, CEPII research center, issue 96, pages 63-102.
- William D. Nordhaus, 1994. "Marching to Different Drummers: Coordination and Independence in Monetary and Fiscal Policies," Cowles Foundation Discussion Papers 1067, Cowles Foundation for Research in Economics, Yale University.
- Alesina, Alberto & Tabellini, Guido, 1987. "Rules and Discretion with Noncoordinated Monetary and Fiscal Policies," Economic Inquiry, Western Economic Association International, vol. 25(4), pages 619-630, October.
- Jordi Galí & Roberto Perotti, 2003. "Fiscal policy and monetary integration in Europe [‘Consumption smoothing through fiscal policy in OECD and EU countries’]," Economic Policy, CEPR, CESifo, Sciences Po;CES;MSH, vol. 18(37), pages 533-572.
- Jean-Baptiste Desquilbet & Patrick Villieu, 1998. "L'indépendance de la Banque centrale peut-elle être contreproductive ? Une illustration en économie ouverte," Revue Économique, Programme National Persée, vol. 49(6), pages 1415-1434.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- GAMMADIGBE, Vigninou, 2015. "Indice de cohérence du policy-mix : une proposition [Policy-mix coherence index : a proposal]," MPRA Paper 63286, University Library of Munich, Germany.
- Nasser Ary Tanimoune & Jean-Louis Combes & René Tapsoba, 2012.
"Policy Mix Coherence: What Does it Mean for Monetary Policy in West Africa?,"
CERDI Working papers
halshs-00678712, HAL.
- René TAPSOBA & Jean-Louis COMBES & Nasser ARY TANIMOUNE, 2012. "Policy Mix Coherence: What Does it Mean for Monetary Policy in West Africa?," Working Papers 201213, CERDI.
- Nasser Ary Tanimoune & Jean-Louis Combes & René Tapsoba, 2012. "Policy Mix Coherence: What Does it Mean for Monetary Policy in West Africa?," Working Papers halshs-00678712, HAL.
- Luca Agnello & Ricardo M. Sousa, 2009.
"The Determinants of Public Deficit Volatility,"
NIPE Working Papers
11/2009, NIPE - Universidade do Minho.
- Agnello, Luca & Sousa, Ricardo M., 2009. "The determinants of public deficit volatility," Working Paper Series 1042, European Central Bank.
- Badinger, Harald & Reuter, Wolf Heinrich, 2017.
"The case for fiscal rules,"
Economic Modelling, Elsevier, vol. 60(C), pages 334-343.
- Harald Badinger & Wolf Heinrich Reuter, 2015. "The Case for Fiscal Rules," Department of Economics Working Papers wuwp204, Vienna University of Economics and Business, Department of Economics.
- Badinger, Harald & Reuter, Wolf Heinrich, 2015. "The Case for Fiscal Rules," Department of Economics Working Paper Series 204, WU Vienna University of Economics and Business.
- Staehr, Karsten, 2008.
"Fiscal policies and business cycles in an enlarged euro area,"
Economic Systems, Elsevier, vol. 32(1), pages 46-69, March.
- Karsten Staehr, 2007. "Fiscal policies and business cycles in an enlarged euro area," Bank of Estonia Working Papers 2007-03, Bank of Estonia, revised 08 Mar 2007.
- Karsten Staehr, 2007. "Fiscal Policies and Business Cycles in an Enlarged Euro Area," CESifo Working Paper Series 1933, CESifo.
- COMBEY, Adama & NUBUKPO, Kako, 2013. "Coordination des Politiques Economiques au Sein de la Zone UEMOA : Bilan et Perspectives [Economic Policy Coordination in the WAEMU: Results and Prospects]," MPRA Paper 58118, University Library of Munich, Germany, revised Aug 2014.
- Dybczak, Kamil & Melecky, Martin, 2014.
"EU fiscal stance vulnerability: Are the old members the gold members?,"
Economic Modelling, Elsevier, vol. 38(C), pages 87-101.
- Dybczak, Kamil & Melecky, Martin, 2012. "EU Fiscal Stance Vulnerability: Are the Old Members the Gold Members?," MPRA Paper 42837, University Library of Munich, Germany.
- Guerguil, Martine & Mandon, Pierre & Tapsoba, René, 2017.
"Flexible fiscal rules and countercyclical fiscal policy,"
Journal of Macroeconomics, Elsevier, vol. 52(C), pages 189-220.
- Ms. Martine Guerguil & Pierre Mandon & Rene Tapsoba, 2016. "Flexible Fiscal Rules and Countercyclical Fiscal Policy," IMF Working Papers 2016/008, International Monetary Fund.
- Solomos, Dionysios & Papageorgiou, Theofanis & Koumparoulis, Dimitrios, 2012. "Financial Sector and Business Cycles Determinants in the EMU context: An Empirical Approach (1996-2011)," MPRA Paper 43858, University Library of Munich, Germany.
- António Afonso & Luca Agnello & Davide Furceri, 2010.
"Fiscal policy responsiveness, persistence, and discretion,"
Public Choice, Springer, vol. 145(3), pages 503-530, December.
- António Afonso & Luca Agnello & Davide Furceri, 2008. "Fiscal Policy Responiveness, Persistence and Discretion," Working Papers Department of Economics 2008/50, ISEG - Lisbon School of Economics and Management, Department of Economics, Universidade de Lisboa.
- António Afonso & Luca Agnello & Davide Furceri, 2008. "Fiscal Policy Responsiveness, Persistence, and Discretion," OECD Economics Department Working Papers 659, OECD Publishing.
- Afonso, António & Furceri, Davide & Agnello, Luca, 2008. "Fiscal policy responsiveness, persistence and discretion," Working Paper Series 954, European Central Bank.
- Csaba, László, 2006. "A stabilitási és növekedési egyezmény új politikai gazdaságtanáról [On the new political economy of the Stability and Growth Pact]," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), vol. 0(1), pages 1-30.
- Badinger, Harald & Reuter, Wolf Heinrich, 2015. "Measurement of fiscal rules: Introducing the application of partially ordered set (POSET) theory," Journal of Macroeconomics, Elsevier, vol. 43(C), pages 108-123.
- Kuncoro Haryo, 2016. "The Credibility of Fiscal Rules Policy and Business Cycle Volatility," Scientific Annals of Economics and Business, Sciendo, vol. 63(2), pages 209-224, June.
- Martin Larch & Matteo Salto, 2005.
"Fiscal rules, inertia and discretionary fiscal policy,"
Applied Economics, Taylor & Francis Journals, vol. 37(10), pages 1135-1146.
- Martin Larch & Matteo Salto, 2003. "Fiscal rules, inertia and discretionary fiscal policy," European Economy - Economic Papers 2008 - 2015 194, Directorate General Economic and Financial Affairs (DG ECFIN), European Commission.
- Sebastian Hauptmeier & A. Jesús Sánchez Fuentes & Ludger Schuknecht, 2015. "Spending Dynamics in Euro Area Countries: Composition and Determinants," Hacienda Pública Española / Review of Public Economics, IEF, vol. 215(4), pages 119-138, December.
- Alessandro Turrini, 2008. "Fiscal policy and the cycle in the Euro Area: The role of government revenue and expenditure," European Economy - Economic Papers 2008 - 2015 323, Directorate General Economic and Financial Affairs (DG ECFIN), European Commission.
- Jürgen von Hagen & Charles Wyplosz, 2008. "EMU's Decentralized System of Fiscal Policy," European Economy - Economic Papers 2008 - 2015 306, Directorate General Economic and Financial Affairs (DG ECFIN), European Commission.
- Coutinho, Leonor & Georgiou, Dimitrios & Heracleous, Maria & Michaelides, Alexander & Tsani, Stella, 2022. "Limiting fiscal procyclicality: Evidence from resource-dependent countries," Economic Modelling, Elsevier, vol. 106(C).
- Antonio Fatás & Ilian Mihov, 2010.
"The Euro and Fiscal Policy,"
NBER Chapters, in: Europe and the Euro, pages 287-324,
National Bureau of Economic Research, Inc.
- Antonio Fatas & Ilian Mihov, 2009. "The Euro and Fiscal Policy," NBER Working Papers 14722, National Bureau of Economic Research, Inc.
- Michael J. Artis & Luca Onorante, 2007.
"The Economic Importance of Fiscal Rules,"
Palgrave Macmillan Books, in: David Cobham (ed.), The Travails of the Eurozone, chapter 6, pages 123-145,
Palgrave Macmillan.
- Artis, Michael & Onorante, Luca, 2006. "The Economic Importance of Fiscal Rules," CEPR Discussion Papers 5684, C.E.P.R. Discussion Papers.
- Michael J. Artis, Luca Onorante, 2006. "The Economic Importance of Fiscal Rules," Economics Working Papers ECO2006/14, European University Institute.
More about this item
Keywords
Coordination; Monetary policy; Fiscal policy.;All these keywords.
JEL classification:
- C21 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Cross-Sectional Models; Spatial Models; Treatment Effect Models
- C43 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods: Special Topics - - - Index Numbers and Aggregation
- E61 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Policy Objectives; Policy Designs and Consistency; Policy Coordination
NEP fields
This paper has been announced in the following NEP Reports:- NEP-CBA-2015-04-19 (Central Banking)
- NEP-MAC-2015-04-19 (Macroeconomics)
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pra:mprapa:63583. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Joachim Winter (email available below). General contact details of provider: https://edirc.repec.org/data/vfmunde.html .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.