The effects of the interactions between monetary and fiscal policy on the Euro Area’s GDP: An ARDL approach

Detalhes bibliográficos
Autor(a) principal: Almeida, Ana Marta Gonçalves Peres de
Data de Publicação: 2021
Tipo de documento: Dissertação
Idioma: eng
Título da fonte: Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
Texto Completo: http://hdl.handle.net/10071/23544
Resumo: This Dissertation provides an empirical analysis regarding the effects of the interactions between monetary and fiscal policies in the Euro Area’s GDP, using quarterly data from 2000 until 2020. Using an ARDL-EC model to analyse the long run and short run effects on the Euro Area’s GDP, the equation includes monetary policy variables, fiscal policy variables, and a proxy for its interactions. This Dissertation concludes that the Euro Area’s GDP is positively impacted by monetary policy in the long run and short run, while the impact of fiscal policy is negative. The result for the interactions between monetary and fiscal policy is encouraging for further research on this topic, because of the model’s quick adjustment speed and the favourable evolution of the proxy for the policy mix, in the analysis of its economic significance through the different business cycles.
id RCAP_52d54b043371445d54db0c94e9ffa3b3
oai_identifier_str oai:repositorio.iscte-iul.pt:10071/23544
network_acronym_str RCAP
network_name_str Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
repository_id_str 7160
spelling The effects of the interactions between monetary and fiscal policy on the Euro Area’s GDP: An ARDL approachPolítica monetária -- Monetary policyPolítica fiscal -- Fiscal policyPolicy mixEuro AreaARDL modelsGDPZona euroModelos ARDLPIB Produto Interno BrutoThis Dissertation provides an empirical analysis regarding the effects of the interactions between monetary and fiscal policies in the Euro Area’s GDP, using quarterly data from 2000 until 2020. Using an ARDL-EC model to analyse the long run and short run effects on the Euro Area’s GDP, the equation includes monetary policy variables, fiscal policy variables, and a proxy for its interactions. This Dissertation concludes that the Euro Area’s GDP is positively impacted by monetary policy in the long run and short run, while the impact of fiscal policy is negative. The result for the interactions between monetary and fiscal policy is encouraging for further research on this topic, because of the model’s quick adjustment speed and the favourable evolution of the proxy for the policy mix, in the analysis of its economic significance through the different business cycles.Esta Dissertação apresenta uma análise empírica dos efeitos das interações entre as políticas monetária e fiscal no PIB da Zona Euro, utilizando dados trimestrais de 2000 a 2020. Utilizando um modelo ARDL-EC para analisar os efeitos de longo e curto prazo sobre o PIB da Zona Euro, a equação inclui variáveis de política monetária, variáveis de política fiscal, e uma proxy para as interações entre as políticas. Conclui-se que o PIB da Zona Euro é positivamente impactado pela política monetária no longo e curto prazo, enquanto o impacto da política fiscal é negativo. O resultado para as interações entre política monetária e fiscal é animador para futuras investigações sobre o tema, devido à rápida velocidade de ajuste do modelo e à evolução favorável da proxy para o policy mix, no contexto da análise do seu significado económico ao longo dos diferentes ciclos económicos.2021-11-15T11:48:11Z2021-11-02T00:00:00Z2021-11-022021-10info:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/masterThesisapplication/pdfhttp://hdl.handle.net/10071/23544TID:202786552engAlmeida, Ana Marta Gonçalves Peres deinfo:eu-repo/semantics/openAccessreponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAP2023-11-09T17:36:06Zoai:repositorio.iscte-iul.pt:10071/23544Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-19T22:16:21.672659Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãofalse
dc.title.none.fl_str_mv The effects of the interactions between monetary and fiscal policy on the Euro Area’s GDP: An ARDL approach
title The effects of the interactions between monetary and fiscal policy on the Euro Area’s GDP: An ARDL approach
spellingShingle The effects of the interactions between monetary and fiscal policy on the Euro Area’s GDP: An ARDL approach
Almeida, Ana Marta Gonçalves Peres de
Política monetária -- Monetary policy
Política fiscal -- Fiscal policy
Policy mix
Euro Area
ARDL models
GDP
Zona euro
Modelos ARDL
PIB Produto Interno Bruto
title_short The effects of the interactions between monetary and fiscal policy on the Euro Area’s GDP: An ARDL approach
title_full The effects of the interactions between monetary and fiscal policy on the Euro Area’s GDP: An ARDL approach
title_fullStr The effects of the interactions between monetary and fiscal policy on the Euro Area’s GDP: An ARDL approach
title_full_unstemmed The effects of the interactions between monetary and fiscal policy on the Euro Area’s GDP: An ARDL approach
title_sort The effects of the interactions between monetary and fiscal policy on the Euro Area’s GDP: An ARDL approach
author Almeida, Ana Marta Gonçalves Peres de
author_facet Almeida, Ana Marta Gonçalves Peres de
author_role author
dc.contributor.author.fl_str_mv Almeida, Ana Marta Gonçalves Peres de
dc.subject.por.fl_str_mv Política monetária -- Monetary policy
Política fiscal -- Fiscal policy
Policy mix
Euro Area
ARDL models
GDP
Zona euro
Modelos ARDL
PIB Produto Interno Bruto
topic Política monetária -- Monetary policy
Política fiscal -- Fiscal policy
Policy mix
Euro Area
ARDL models
GDP
Zona euro
Modelos ARDL
PIB Produto Interno Bruto
description This Dissertation provides an empirical analysis regarding the effects of the interactions between monetary and fiscal policies in the Euro Area’s GDP, using quarterly data from 2000 until 2020. Using an ARDL-EC model to analyse the long run and short run effects on the Euro Area’s GDP, the equation includes monetary policy variables, fiscal policy variables, and a proxy for its interactions. This Dissertation concludes that the Euro Area’s GDP is positively impacted by monetary policy in the long run and short run, while the impact of fiscal policy is negative. The result for the interactions between monetary and fiscal policy is encouraging for further research on this topic, because of the model’s quick adjustment speed and the favourable evolution of the proxy for the policy mix, in the analysis of its economic significance through the different business cycles.
publishDate 2021
dc.date.none.fl_str_mv 2021-11-15T11:48:11Z
2021-11-02T00:00:00Z
2021-11-02
2021-10
dc.type.status.fl_str_mv info:eu-repo/semantics/publishedVersion
dc.type.driver.fl_str_mv info:eu-repo/semantics/masterThesis
format masterThesis
status_str publishedVersion
dc.identifier.uri.fl_str_mv http://hdl.handle.net/10071/23544
TID:202786552
url http://hdl.handle.net/10071/23544
identifier_str_mv TID:202786552
dc.language.iso.fl_str_mv eng
language eng
dc.rights.driver.fl_str_mv info:eu-repo/semantics/openAccess
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
dc.source.none.fl_str_mv reponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
instacron:RCAAP
instname_str Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
instacron_str RCAAP
institution RCAAP
reponame_str Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
collection Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
repository.name.fl_str_mv Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
repository.mail.fl_str_mv
_version_ 1799134721668546560

Registros relacionados