Codogno, Lorenzo and van den Noord, Paul (2021) Next Generation EU: can we do better? SUERF Policy Briefs. SUERF The European Money and Finance Forum.
Full text not available from this repository.Abstract
The unprecedented fiscal package adopted by the European Council in 2020 – known as Next Generation EU – is vital for the recovery of the euro area economy from the pandemic. Thus, it is very much welcome. However, our estimates indicate that creating a Eurobond and permanent fiscal capacity at the centre would be more powerful to mitigate the impact of the crisis. It would provide a more timely and effective response, would help the transmission of monetary policy and alleviate the burden of countercyclical policies from national authorities.
| Item Type: | Monograph (Report) |
|---|---|
| Divisions: | LSE |
| Subjects: | H Social Sciences > HJ Public Finance H Social Sciences > HG Finance |
| Date Deposited: | 15 Jul 2024 10:21 |
| Last Modified: | 15 Jul 2024 10:21 |
| URI: | http://eprints.lse.ac.uk/id/eprint/124252 |
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