Does monetary policy influence euro area fiscal sustainability? - Data and source code

This repository includes the data and the source code used to obtain the output reported in the paper 'Does monetary policy influence euro area fiscal sustainability?' by Afonso and Gomes-Pereira (2025). The data is in .xlsx format (data_for_replication.xlsx) and the source code is an RMarkdown file in R language (Replication Code.Rmd). The source code file should be run in RStudio. More details regarding the source and transformation of the variables is included in the excel file’s sheet ‘Variable Descriptions’.