Could the Euro Area Benefit From the US Stimulus Packages?
The recent US fiscal packages have raised some concerns on their magnitude, but also their spillovers to the euro area economy. After discussing US fiscal measures and reviewing the literature on international spillovers, we show that the US policy mix may have rather positive macroeconomic effects on the euro area. We conclude though that these effects need to be balanced against growing financial risks. This paper was provided by the Policy Department for Economic, Scientific and Quality of Life Policies at the request of the committee on Economic and Monetary Affairs (ECON) ahead of the Monetary Dialogue with the ECB President on 21 June 2021.
Analyse approfondie
Auteur externe
Christophe BLOT, Caroline BOZOU, Jérôme CREEL
À propos de ce document
Type de publication
Domaine politique
Mot-clé
- Amérique
- analyse économique
- conséquence économique
- documentation
- FINANCES
- fiscalité
- GÉOGRAPHIE
- géographie politique
- géographie économique
- maladie à coronavirus
- politique fiscale
- politique monétaire
- QUESTIONS SOCIALES
- rapport de recherche
- relations monétaires
- reprise économique
- santé
- situation économique
- zone euro
- ÉCONOMIE
- économie monétaire
- ÉDUCATION ET COMMUNICATION
- épidémie
- États-Unis