Fighting the COVID-19 Crisis: Debt Monétisation and EU Recovery Bonds
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...
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| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
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Sciendo
2020-07-01
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| Series: | Intereconomics |
| Online Access: | https://doi.org/10.1007/s10272-020-0907-z |
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| _version_ | 1850177670455754752 |
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| author | Alberto Botta Eugenio Caverzasi Alberto Russo |
| author_facet | Alberto Botta Eugenio Caverzasi Alberto Russo |
| author_sort | Alberto Botta |
| collection | DOAJ |
| description | 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. |
| format | Article |
| id | doaj-art-c35e3b2fd4204dc395f585a9c3bdf704 |
| institution | OA Journals |
| issn | 0020-5346 1613-964X |
| language | English |
| publishDate | 2020-07-01 |
| publisher | Sciendo |
| record_format | Article |
| series | Intereconomics |
| spelling | doaj-art-c35e3b2fd4204dc395f585a9c3bdf7042025-08-20T02:18:55ZengSciendoIntereconomics0020-53461613-964X2020-07-0155423924410.1007/s10272-020-0907-zFighting the COVID-19 Crisis: Debt Monétisation and EU Recovery BondsAlberto Botta0Eugenio Caverzasi1Alberto Russo2Dep. of International Business and Economics, Business Faculty, University of Greenwich - Faculty of BusinessDepartment of Economics, Università degli Studi dell’InsubriaDepartment of Economics, Universitat Jaume IAbstract 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.https://doi.org/10.1007/s10272-020-0907-z |
| spellingShingle | Alberto Botta Eugenio Caverzasi Alberto Russo Fighting the COVID-19 Crisis: Debt Monétisation and EU Recovery Bonds Intereconomics |
| title | Fighting the COVID-19 Crisis: Debt Monétisation and EU Recovery Bonds |
| title_full | Fighting the COVID-19 Crisis: Debt Monétisation and EU Recovery Bonds |
| title_fullStr | Fighting the COVID-19 Crisis: Debt Monétisation and EU Recovery Bonds |
| title_full_unstemmed | Fighting the COVID-19 Crisis: Debt Monétisation and EU Recovery Bonds |
| title_short | Fighting the COVID-19 Crisis: Debt Monétisation and EU Recovery Bonds |
| title_sort | fighting the covid 19 crisis debt monetisation and eu recovery bonds |
| url | https://doi.org/10.1007/s10272-020-0907-z |
| work_keys_str_mv | AT albertobotta fightingthecovid19crisisdebtmonetisationandeurecoverybonds AT eugeniocaverzasi fightingthecovid19crisisdebtmonetisationandeurecoverybonds AT albertorusso fightingthecovid19crisisdebtmonetisationandeurecoverybonds |