Codogno, Lorenzo and van den Noord, Paul (2020) Assessing Next Generation EU. LUISS School of European Political Economy working papers (9/2020). LUISS School of European Political Economy, Rome, Italy.
Full text not available from this repository.Abstract
The unprecedented fiscal package adopted by the European Council in the summer of 2020 ―dubbed Next Generation EU―is vital for the recovery of the euro area from the pandemic shock. However, there are risks that targets will not be met and that it may prove difficult to muster the same degree of European ‘solidarity’ in the future. Computations with a stylised macroeconomic model indicate that an alternative approach, with ex ante risk sharing through the creation of a Eurobond and permanent fiscal capacity at the centre, would be at least as powerful, yet it would be more sustainable, automatic and timely.
| Item Type: | Monograph (Working Paper) |
|---|---|
| Official URL: | https://sep.luiss.it/ |
| Additional Information: | © 2020 The Authors |
| Divisions: | European Institute |
| Subjects: | H Social Sciences > HJ Public Finance H Social Sciences > HB Economic Theory |
| Date Deposited: | 12 Jul 2024 15:03 |
| Last Modified: | 11 Dec 2024 19:54 |
| URI: | http://eprints.lse.ac.uk/id/eprint/124238 |
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