Fighting the COVID-19 Crisis: Debt Monétisation and EU Recovery Bonds
This paper highlights some peculiar characteristics of the economic crisis induced by the spread of COVID-19. It suggests two intertwined policy measures in order to tackle the emergency phase of the crisis and to support the economy in the subsequent recovery phase. The proposed short-term policy measures offer policy responses in the event of a second wave of coronavirus infections in the coming months. In the aftermath of the emergency phase, the current proposal puts forward the implementation of a massive EU-wide recovery plan addressing the long-lasting technological and environmental challenges of these years, which will be financed by European institutions through the issuance of European Pandemic Recovery Bonds.
Year of publication: |
2020
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Authors: | Botta, Alberto ; Caverzasi, Eugenio ; Russo, Alberto |
Published in: |
Intereconomics. - Heidelberg : Springer, ISSN 1613-964X. - Vol. 55.2020, 4, p. 239-244
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Publisher: |
Heidelberg : Springer |
Saved in:
freely available
Type of publication: | Article |
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Type of publication (narrower categories): | Article |
Language: | English |
Other identifiers: | 10.1007/s10272-020-0907-z [DOI] 1729821731 [GVK] hdl:10419/224753 [Handle] RePEc:spr:intere:v:55:y:2020:i:4:d:10.1007_s10272-020-0907-z [RePEc] |
Source: |
Persistent link: https://www.econbiz.de/10012290019
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