The EU Budget and the Role of Public Goods
This paper argues that investing in public institutions and goods are the best tool for shielding the economy against events similar to Covid-19 because private agents cannot foresee extremely unlikely events and there are markets where informational problems are pervasive. This is even more true in a confederation such as the European Union, where the right mix of public transfers and public goods is critical in minimizing incentive problems related to consolidating the single market and European integration. The Multiannual Financial Framework 2021-27 and the Fund Next Generation are steps in this direction.
Year of publication: |
2021
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Authors: | Díaz, Antonia |
Published in: |
CESifo Forum. - München : ifo Institut - Leibniz-Institut für Wirtschaftsforschung an der Universität München, ISSN 2190-717X. - Vol. 22.2021, 02, p. 35-38
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Publisher: |
München : ifo Institut - Leibniz-Institut für Wirtschaftsforschung an der Universität München |
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