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Le dosage macroéconomique s’est néanmoins révélé sous-optimal, avec une consolidation budgétaire excessivement précoce, et un excès de politiques monétaires non conventionnelles (qui ont perdu de leur efficacité au cours du temps).

But the overall policy mix has been sub-optimal, with too much front-loaded fiscal consolidation and too much unconventional monetary policy (which has become less effective over time).

général - CCMatrix (Wikipedia + CommonCrawl)
Le dosage macroéconomique s'est néanmoins révélé sous-optimal, avec une consolidation budgétaire excessivement précoce, et un excès de politiques monétaires non conventionnelles (qui ont perdu de leur efficacité au cours du temps).

But the overall policy mix has been sub-optimal, with too much front-loaded fiscal consolidation and too much unconventional monetary policy (which has become less effective over time).

général - CCMatrix (Wikipedia + CommonCrawl)
Financing the endogenous development at regional and county levels. particularities, trends and challenges... The study highlighted the need of a policy mix that would support the development of counties with a relatively low development level, actually most of them, under the circumstances of a polycentric regional development....
finances de l'union européenne / politique économique / construction européenne - core.ac.uk - PDF: mpra.ub.uni-muenchen.de
Designing monetary and fiscal policy rules in a new keynesian model with rule-of-thumb consumers...interactions.Rule-of-thumb consumers, monetary-?scal iteractions, balanced budget rule, Taylor principle, active-passive policy mix
Optimal monetary and fiscal policy in an economy with non-ricardian agentsThe optimal policy mix maximizes a quadratic welfare objective which follows from the agents’ utility function and depends only on inflation and output gap volatility....
European monetary union: nominal convergence, real divergence and slow growth? an investigation into the effects of changing macroeconomic policy institutions associated with monetary union... It is concluded that not only the period of nominal convergence towards EMU but also the initial period of the euro area has suffered from a rather restrictive macroeconomic policy mix which has neither been conducive to aggregate growth nor to real convergence across the euro area....
The policy mix in emerging countries: the case of tunisia AbstractThe Policy Mix is often defined as the interaction between monetary policy and fiscal policy....


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