The Need for Monetary Financing of Corona Budget Deficits

Paul De Grauwe

Intereconomics: Review of European Economic Policy, 2020, vol. 55, issue 3, 133-134

Abstract: Abstract Sooner or later, the ECB must accept that monetary financing in support of deficit spending is a necessity not just for mitigating the coronavirus crisis, but also for averting a downward deflationary cycle that could pull the eurozone apart.

Date: 2020
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DOI: 10.1007/s10272-020-0885-1

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