{"id":"https://openalex.org/W4385224728","doi":"https://doi.org/10.5089/9798400249051.001","title":"Shared Problem, Shared Solution: Benefits from Fiscal-Monetary Interactions in the Euro Area","display_name":"Shared Problem, Shared Solution: Benefits from Fiscal-Monetary Interactions in the Euro Area","publication_year":2023,"publication_date":"2023-07-01","ids":{"openalex":"https://openalex.org/W4385224728","doi":"https://doi.org/10.5089/9798400249051.001"},"language":"en","primary_location":{"id":"doi:10.5089/9798400249051.001","doi":"https://doi.org/10.5089/9798400249051.001","is_oa":true,"landing_page_url":"https://doi.org/10.5089/9798400249051.001","pdf_url":"https://www.elibrary.imf.org/downloadpdf/journals/001/2023/149/001.2023.issue-149-en.xml","source":{"id":"https://openalex.org/S4210171147","display_name":"IMF Working Paper","issn_l":"1018-5941","issn":["1018-5941","2227-8885"],"is_oa":true,"is_in_doaj":false,"is_core":true,"listed_in":["cwts-core"],"host_organization":"https://openalex.org/P4310316166","host_organization_name":"International Monetary Fund","host_organization_lineage":["https://openalex.org/P4310316166","https://openalex.org/P4310321776"],"host_organization_lineage_names":["International Monetary Fund","United Nations"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"IMF Working Papers","raw_type":"journal-article"},"volume":null,"type":"article","indexed_in":["crossref"],"open_access":{"is_oa":true,"oa_status":"diamond","oa_url":"https://www.elibrary.imf.org/downloadpdf/journals/001/2023/149/001.2023.issue-149-en.xml","any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5029984752","display_name":"Robert Beyer","orcid":"https://orcid.org/0000-0001-9473-925X","observed_orcids":["https://orcid.org/0000-0001-9473-925X"]},"institutions":[{"id":"https://openalex.org/I1310145890","display_name":"International Monetary Fund","ror":"https://ror.org/05m4rmw09","country_code":"US","type":"other","lineage":["https://openalex.org/I1310145890"]}],"countries":["US"],"is_corresponding":true,"raw_author_name":"Robert Beyer","raw_affiliation_strings":["International Monetary Fund"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"International Monetary Fund","institution_ids":["https://openalex.org/I1310145890"]}]},{"author_position":"middle","author":{"id":null,"display_name":"Rupa Duttagupta","orcid":null,"observed_orcids":[]},"institutions":[],"countries":[],"is_corresponding":false,"raw_author_name":"Rupa Duttagupta","raw_affiliation_strings":[],"raw_orcid":null,"affiliations":[]},{"author_position":"middle","author":{"id":null,"display_name":"Alexandra Fotiou","orcid":null,"observed_orcids":[]},"institutions":[],"countries":[],"is_corresponding":false,"raw_author_name":"Alexandra Fotiou","raw_affiliation_strings":[],"raw_orcid":null,"affiliations":[]},{"author_position":"middle","author":{"id":null,"display_name":"Keiko Honjo","orcid":null,"observed_orcids":[]},"institutions":[],"countries":[],"is_corresponding":false,"raw_author_name":"Keiko Honjo","raw_affiliation_strings":[],"raw_orcid":null,"affiliations":[]},{"author_position":"middle","author":{"id":null,"display_name":"Mark Horton","orcid":null,"observed_orcids":[]},"institutions":[],"countries":[],"is_corresponding":false,"raw_author_name":"Mark Horton","raw_affiliation_strings":[],"raw_orcid":null,"affiliations":[]},{"author_position":"middle","author":{"id":null,"display_name":"Zoltan Jakab","orcid":null,"observed_orcids":[]},"institutions":[],"countries":[],"is_corresponding":false,"raw_author_name":"Zoltan Jakab","raw_affiliation_strings":[],"raw_orcid":null,"affiliations":[]},{"author_position":"middle","author":{"id":null,"display_name":"Vina Nguyen","orcid":null,"observed_orcids":[]},"institutions":[],"countries":[],"is_corresponding":false,"raw_author_name":"Vina Nguyen","raw_affiliation_strings":[],"raw_orcid":null,"affiliations":[]},{"author_position":"middle","author":{"id":null,"display_name":"Rafael Portillo","orcid":null,"observed_orcids":[]},"institutions":[],"countries":[],"is_corresponding":false,"raw_author_name":"Rafael Portillo","raw_affiliation_strings":[],"raw_orcid":null,"affiliations":[]},{"author_position":"middle","author":{"id":null,"display_name":"Jesper Lind\u00e9","orcid":null,"observed_orcids":[]},"institutions":[],"countries":[],"is_corresponding":false,"raw_author_name":"Jesper Lind\u00e9","raw_affiliation_strings":[],"raw_orcid":null,"affiliations":[]},{"author_position":"middle","author":{"id":"https://openalex.org/A5011278787","display_name":"Nujin Suphaphiphat","orcid":null,"observed_orcids":[]},"institutions":[],"countries":[],"is_corresponding":false,"raw_author_name":"Nujin Suphaphiphat","raw_affiliation_strings":[],"raw_orcid":null,"affiliations":[]},{"author_position":"last","author":{"id":null,"display_name":"Li Zeng","orcid":null,"observed_orcids":[]},"institutions":[],"countries":[],"is_corresponding":false,"raw_author_name":"Li Zeng","raw_affiliation_strings":[],"raw_orcid":null,"affiliations":[]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":1,"corresponding_author_ids":["https://openalex.org/A5029984752"],"corresponding_institution_ids":["https://openalex.org/I1310145890"],"apc_list":null,"apc_paid":null,"fwci":3.963,"has_fulltext":true,"cited_by_count":10,"citation_normalized_percentile":{"value":0.93798385,"is_in_top_1_percent":false,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":93,"max":98},"biblio":{"volume":"2023","issue":"149","first_page":"1","last_page":"1"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10007","display_name":"Monetary Policy and Economic Impact","score":0.7148000001907349,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10007","display_name":"Monetary Policy and Economic Impact","score":0.7148000001907349,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T14166","display_name":"European Monetary and Fiscal Policies","score":0.263700008392334,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T11621","display_name":"Fiscal Policies and Political Economy","score":0.011099999770522118,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/monetary-fiscal-policy-interaction","display_name":"monetary-fiscal policy interaction","score":0.6159999966621399},{"id":"https://openalex.org/keywords/fiscal-consolidation","display_name":"fiscal consolidation","score":0.9449999928474426},{"id":"https://openalex.org/keywords/monetary-policy","display_name":"monetary policy","score":0.8019999861717224},{"id":"https://openalex.org/keywords/inflation-reduction","display_name":"inflation reduction","score":0.8840000033378601},{"id":"https://openalex.org/keywords/euro-area","display_name":"euro area","score":0.8859999775886536},{"id":"https://openalex.org/keywords/policy-rate","display_name":"key rate","score":0.6940000057220459},{"id":"https://openalex.org/keywords/public-debt-sustainability","display_name":"public debt sustainability","score":0.8240000009536743},{"id":"https://openalex.org/keywords/output-costs","display_name":"output costs","score":0.609000027179718},{"id":"https://openalex.org/keywords/financial-fragmentation","display_name":"financial fragmentation","score":0.8059999942779541},{"id":"https://openalex.org/keywords/monetary-union","display_name":"monetary union","score":0.4189999997615814}],"concepts":[{"id":"https://openalex.org/C556758197","wikidata":"https://www.wikidata.org/wiki/Q580018","display_name":"Monetary economics","level":1,"score":0.5422047972679138},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.501629114151001}],"mesh":[],"locations_count":2,"locations":[{"id":"doi:10.5089/9798400249051.001","doi":"https://doi.org/10.5089/9798400249051.001","is_oa":true,"landing_page_url":"https://doi.org/10.5089/9798400249051.001","pdf_url":"https://www.elibrary.imf.org/downloadpdf/journals/001/2023/149/001.2023.issue-149-en.xml","source":{"id":"https://openalex.org/S4210171147","display_name":"IMF Working Paper","issn_l":"1018-5941","issn":["1018-5941","2227-8885"],"is_oa":true,"is_in_doaj":false,"is_core":true,"listed_in":["cwts-core"],"host_organization":"https://openalex.org/P4310316166","host_organization_name":"International Monetary Fund","host_organization_lineage":["https://openalex.org/P4310316166","https://openalex.org/P4310321776"],"host_organization_lineage_names":["International Monetary Fund","United Nations"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"IMF Working Papers","raw_type":"journal-article"},{"id":"pmh:oai:RePEc:imf:imfwpa:2023/149","doi":null,"is_oa":false,"landing_page_url":"http://www.imf.org/external/pubs/cat/longres.aspx?sk=535900","pdf_url":null,"source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"preprint"}],"best_oa_location":{"id":"doi:10.5089/9798400249051.001","doi":"https://doi.org/10.5089/9798400249051.001","is_oa":true,"landing_page_url":"https://doi.org/10.5089/9798400249051.001","pdf_url":"https://www.elibrary.imf.org/downloadpdf/journals/001/2023/149/001.2023.issue-149-en.xml","source":{"id":"https://openalex.org/S4210171147","display_name":"IMF Working Paper","issn_l":"1018-5941","issn":["1018-5941","2227-8885"],"is_oa":true,"is_in_doaj":false,"is_core":true,"listed_in":["cwts-core"],"host_organization":"https://openalex.org/P4310316166","host_organization_name":"International Monetary Fund","host_organization_lineage":["https://openalex.org/P4310316166","https://openalex.org/P4310321776"],"host_organization_lineage_names":["International Monetary Fund","United Nations"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"IMF Working Papers","raw_type":"journal-article"},"sustainable_development_goals":[],"study_designs":[],"awards":[],"funders":[],"has_content":{"grobid_xml":true,"pdf":true},"content_urls":{"pdf":"https://content.openalex.org/works/W4385224728.pdf","grobid_xml":"https://content.openalex.org/works/W4385224728.grobid-xml"},"referenced_works_count":34,"referenced_works":["https://openalex.org/W347384304","https://openalex.org/W1517431605","https://openalex.org/W1596276915","https://openalex.org/W1985243191","https://openalex.org/W2062551580","https://openalex.org/W2112163573","https://openalex.org/W2124074092","https://openalex.org/W2148200836","https://openalex.org/W2164624296","https://openalex.org/W2165839172","https://openalex.org/W2167955907","https://openalex.org/W2180009868","https://openalex.org/W2293643618","https://openalex.org/W2308642214","https://openalex.org/W2612181344","https://openalex.org/W2955864765","https://openalex.org/W3005885712","https://openalex.org/W3023077672","https://openalex.org/W3036056486","https://openalex.org/W3036958748","https://openalex.org/W3040161137","https://openalex.org/W3125094414","https://openalex.org/W3130531893","https://openalex.org/W3203781785","https://openalex.org/W4284961614","https://openalex.org/W4292331253","https://openalex.org/W4298855338","https://openalex.org/W4302836042","https://openalex.org/W4303097471","https://openalex.org/W4309715580","https://openalex.org/W4386333343","https://openalex.org/W4386409258","https://openalex.org/W6675989654","https://openalex.org/W6684875862"],"related_works":["https://openalex.org/W2762201799","https://openalex.org/W2808398698","https://openalex.org/W4415267165","https://openalex.org/W1851333279","https://openalex.org/W2183320678","https://openalex.org/W4367844658","https://openalex.org/W4210774872","https://openalex.org/W1483499449","https://openalex.org/W1585794416","https://openalex.org/W7217242988"],"abstract_inverted_index":{"This":[0],"paper":[1],"employs":[2],"two":[3,33,114],"established":[4],"macroeconomic":[5],"models":[6],"to":[7,57,90],"show":[8],"that":[9],"fiscal":[10,25,88,119,140],"policy":[11,19,49,92,128,159],"in":[12,20,38,106],"the":[13,39,43,48,58,68,77,82,91,100,111,134],"euro":[14,44,108,143],"area":[15,45,109,144],"can":[16],"help":[17],"monetary":[18,121,127],"reducing":[21],"inflation.":[22,63],"Specifically,":[23],"a":[24,73,86,157],"consolidation":[26,141],"of":[27,30,103,136],"1":[28],"percent":[29,37],"GDP":[31],"for":[32,148],"years":[34],"and":[35,120,155],"0.5":[36],"third":[40],"year":[41],"across":[42],"would":[46,65],"ease":[47],"interest":[50],"rate":[51,160],"by":[52],"30-50":[53],"basis":[54],"points":[55],"relative":[56],"baseline":[59],"scenario,":[60],"while":[61],"lowering":[62,137],"It":[64],"also":[66],"put":[67],"public":[69],"debt-to-GDP":[70],"ratio":[71],"on":[72],"downward":[74],"path,":[75],"with":[76],"output":[78],"costs":[79],"reversing":[80],"after":[81],"second":[83],"year.":[84],"Additionally,":[85],"stronger":[87],"contribution":[89],"mix":[93],"could":[94],"mitigate":[95],"financial":[96],"fragmentation":[97],"risks.":[98],"In":[99],"current":[101],"context":[102],"elevated":[104],"inflation":[105,138,150],"all":[107],"economies,":[110],"findings":[112],"suggest":[113],"key":[115],"takeaways:":[116],"first,":[117],"synchronized":[118],"policies":[122],"offer":[123],"gains":[124],"even":[125],"when":[126],"is":[129,146],"unconstrained":[130],"and,":[131],"second,":[132],"sharing":[133],"burden":[135],"through":[139],"among":[142],"members":[145],"beneficial":[147],"union-wide":[149],"reduction,":[151],"improving":[152],"debt":[153],"sustainability":[154],"inducing":[156],"lower":[158],"path.":[161]},"counts_by_year":[{"year":2026,"cited_by_count":3},{"year":2024,"cited_by_count":5},{"year":2023,"cited_by_count":2}],"updated_date":"2026-10-16T09:59:22.235173","created_date":"2023-07-25T00:00:00"}
