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Fighting the COVID-19 crisis: debt monétisation and EU Recovery Bonds

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Bibliographic Details
Published in: Intereconomics 55(2020), 4 vom: Juli, Seite 239-244; volume:55; year:2020; month:07; number:4; pages:239-244
Authors and Corporations: Botta, Alberto (Author), Caverzasi, Eugenio (Author), Russo, Alberto (Author)
Other Authors: Caverzasi, Eugenio [Author] • Russo, Alberto [Author]
Type of Resource: E-Book Component Part
Language: English
published:
2020
Series: Intereconomics, 55(2020), 4 vom: Juli, Seite 239-244
Subjects:
Coronavirus
Wirtschaftskrise
Stabilisierungspolitik
EU-Staaten
Aufsatz in Zeitschrift
Source: Verbunddaten SWB
Lizenzfreie Online-Ressourcen
ISSN: 1613-964X
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Description
Summary: 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.
ISSN: 1613-964X
DOI: 10.1007/s10272-020-0907-z
Access: Open Access