Fighting the COVID-19 Crisis: Debt Monetisation and EU Recovery Bonds
Botta, Alberto ORCID: 0000-0001-9464-8251 , Caverzasi, Eugenio and Russo, Alberto (2020) Fighting the COVID-19 Crisis: Debt Monetisation and EU Recovery Bonds. Intereconomics, 55. pp. 239-244. ISSN 0020-5346 (Print), 1613-964X (Online) (doi:https://doi.org/10.1007/s10272-020-0907-z)
|
PDF (Publisher's PDF - Open Access)
28867 BOTTA_Fighting_the_COVID-19_Crisis_(OA)_2020.pdf - Published Version Available under License Creative Commons Attribution. Download (173kB) | Preview |
Abstract
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.
Item Type: | Article |
---|---|
Additional Information: | © The Author(s) 2020. Open Access: This article is distributed under the terms of the Creative Commons Attribution 4.0 International License (https://creativecommons.org/licenses/by/4.0/). Open Access funding provided by ZBW – Leibniz Information Centre for Economics. |
Uncontrolled Keywords: | Covid-19 crisis, suspended economy, public debt, monetization, EU recovery bonds |
Subjects: | H Social Sciences > HB Economic Theory |
Faculty / School / Research Centre / Research Group: | Faculty of Business Faculty of Business > Department of International Business & Economics |
Related URLs: | |
Last Modified: | 21 Oct 2020 08:00 |
URI: | http://gala.gre.ac.uk/id/eprint/28867 |
Actions (login required)
View Item |
Downloads
Downloads per month over past year