Im Zuge der Corona Krise werden europäische Gemeinschaftsanleihen zur Unterstützung von besonders betroffenen Mitgliedsländern intensiv diskutiert. Die Autoren zeigen, dass Gemeinschaftsanleihen europäischer Staaten keine Neuigkeit wären. Seit den 1970er Jahren hat die Europäische...

The history of joint European bond issuance has been largely forgotten. The authors show that bonds issued and guaranteed jointly by European states are not a novel instrument, but have repeatedly been issued since the 1970s. The issuance of one-off "Coronabonds", as currently proposed, would...

[Introduction ...] In this paper, we seek to identify innovative ways to limit inequality in households’ disposable incomes and living standards while keeping welfare systems fiscally sustainable. We focus on the welfare systems of EU countries in comparison, to better understand their key...