EEAG Economic Policy for the Next Decade:A Changed Role of Governments?

Torben M. Andersen, Giuseppe Bertola, Clemens Fuest, Cecilia Garcia-Penalosa, Harold James, Jan-Egbert Sturm and Branko Uroševic
Additional contact information
Torben M. Andersen: Aarhus University [Aarhus]
Harold James: Princeton University
Branko Uroševic: University of Belgrade [Belgrade]

Working Papers from HAL

Abstract: The corona pandemic has created a health and economic crisis without modern parallel. As it hit affected countries ill-prepared and spread quickly within the EU, member states had to adopt more interventionist approaches than ever before – particularly in the areas of fiscal and monetary policy, labor markets and redistribution, and industrial policy. EU member states started controversial discussions about how to support those that were hit particularly hard. This debate has become a litmus test for solidarity in the world's richest bloc of nations. The decisions and measures taken in each country and at the European level will set the course for economic development in the coming years and shape the countries' long-term prospects for decades to come. This EEAG policy brief is a supplement to the group's usual annual report. The authors examine the various effects of the crisis, how Europe can react effectively and how political measures should evolve as the pandemic subsides. In addition, the authors analyze how an efficient supranational insurance mechanism might look like.

Date: 2020-07
Note: View the original document on HAL open archive server: https://amu.hal.science/hal-03552489
References: Add references at CitEc
Citations: View citations in EconPapers (1)

Published in [Research Report] July, CESifo Network. 2020

Downloads: (external link)
https://amu.hal.science/hal-03552489/document (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:hal:wpaper:hal-03552489

Access Statistics for this paper

More papers in Working Papers from HAL
Bibliographic data for series maintained by CCSD ().