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The risks of exiting too early the policy responses to the COVID-19 recession

Cassola, Nuno, De Grauwe, Paul, Morana, Claudio and Tirelli, Patrizio (2022) The risks of exiting too early the policy responses to the COVID-19 recession. Research in Globalization, 4. ISSN 2590-051X

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Identification Number: 10.1016/j.resglo.2021.100073

Abstract

This policy brief warns about the risks of discontinuing the policy responses to the COVID-19 crisis by pursuing exit strategies too early and/or too sharply. It outlines a comprehensive strategy for limiting such risks globally and offers an in-depth discussion of the European situation. Due to fiscal rules written in a pre- COVID-19 era and excessive emphasis on controlling public debt ratios, the Euro Area could be left with long-lasting scars, so its situation requires special treatment. Therefore, we articulate some policy proposals designed to preserve and strengthen the recovery in the EMU.

Item Type: Article
Official URL: https://www.sciencedirect.com/journal/research-in-...
Additional Information: © 2021 The Authors
Divisions: European Institute
Subjects: H Social Sciences > HB Economic Theory
R Medicine > RA Public aspects of medicine > RA0421 Public health. Hygiene. Preventive Medicine
H Social Sciences > HV Social pathology. Social and public welfare. Criminology
Date Deposited: 05 Jan 2022 15:09
Last Modified: 10 Jan 2022 08:42
URI: http://eprints.lse.ac.uk/id/eprint/113327

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