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"The recent financial crisis 2007-2009 was the longest and the deepest recession since the Great Depression of 1930. The crisis that originated in subprime mortgage markets was spread and amplified through globalised financial markets and resulted in severe debt crises in several European...
Persistent link: https://www.econbiz.de/10009308349
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midst of the pandemic. This finding suggests that the expansionary fiscal policies initiated at the EU level significantly …
Persistent link: https://www.econbiz.de/10013455597
of this pattern. The pandemic has had huge impact on the conduct of stabilization policies in the EU. Public debt has … grown rapidly in many EU member states. The ECB has carried out a highly expansionary monetary policy. In this paper, we … discuss the implications for the EU of a move towards increased fiscal federalism following the pandemic. First, the role of …
Persistent link: https://www.econbiz.de/10013270330
The coronavirus pandemic triggered strong political action across Europe. Mandatory restrictions to increase social distancing were imposed, commonly known as lockdowns. In some cases, entire countries were virtually locked down for several weeks at a time, contributing to a very severe downturn...
Persistent link: https://www.econbiz.de/10014390569
midst of the pandemic. This finding suggests that the expansionary fiscal policies initiated at the EU level significantly …
Persistent link: https://www.econbiz.de/10013541792