Economics

Wide-angle, 24mm, depth of field photograph showing a complex system of interlocking gears, some moving smoothly, others appearing stuck or grinding, representing the interaction and potential friction between monetary and fiscal policies.

Euro Area Economics: When Central Bank Surprises Meet Government Wallets

Hey there! So, you know how sometimes it feels like the economy is a giant, complicated machine with levers labeled ‘monetary policy’ (that’s the central bank stuff, like interest rates) and ‘fiscal policy’ (that’s the government spending and taxing)? Well, we’ve been digging into how those levers interact, especially in…