6533b826fe1ef96bd12834c2
RESEARCH PRODUCT
Fighting the COVID-19 Crisis: Debt Monétisation and EU Recovery Bonds
Alberto RussoEugenio CaverzasiAlberto Bottasubject
Coronavirus disease 2019 (COVID-19)Economic policyBondmedia_common.quotation_subjectHBEconomics Econometrics and Finance (miscellaneous)COVID-19Articleseconomic crisisPhase (combat)HB1-3840Order (exchange)DebtEuropean integrationddc:330Business Management and Accounting (miscellaneous)Economic theory. DemographyBusinesscoronavirus crisisSocial history and conditions. Social problems. Social reformHN1-995Recovery phasemedia_commonSocial policydescription
AbstractThis 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.
| year | journal | country | edition | language |
|---|---|---|---|---|
| 2020-07-28 | Intereconomics |