This paper looks at the macroeconomic policy response to the Covid-19 crisis in the European Union (EU) and the prospects for long-term recovery under the Next Generation EU (NGEU) plan. It argues that, un­like what happened following the sovereign debt crisis of 2011-2012, the EU’s strong...

Introduction: Time and Economic Policy -- Intertemporal Choices, Information, and Opportunity Sets: The Effectiveness of Monetary Policy -- Thinking Outside the Box: Giancarlo Marini, A Rigorous Eclectic Economist -- Fiscal Policy and Sovereign Debt Dynamics: (Re-)Assessing the Intertemporal...