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’.

本仓库涵盖了Afonso与Gomes-Pereira于2025年发表的论文《货币政策是否影响欧元区财政可持续性？》中用于复现报告结果的数据与源代码。该数据集采用.xlsx格式，文件名为data_for_replication.xlsx；源代码为R语言编写的RMarkdown文件，文件名为Replication Code.Rmd。该源代码文件需在RStudio中运行。有关变量的来源与变换细节，已收录于该Excel文件的"Variable Descriptions"工作表中。