Fighting the COVID-19 Crisis: Debt Monétisation and EU Recovery Bonds

Alberto Botta, Eugenio Caverzasi () and Alberto Russo
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Eugenio Caverzasi: Università degli Studi dell’Insubria

Intereconomics: Review of European Economic Policy, 2020, vol. 55, issue 4, 239-244

Abstract: Abstract This paper highlights some peculiar characteristics of the economic crisis induced by the spread of COVID-19. It suggests two intertwined policy measures in order to tackle the emergency phase of the crisis and to support the economy in the subsequent recovery phase. The proposed short-term policy measures offer policy responses in the event of a second wave of coronavirus infections in the coming months. In the aftermath of the emergency phase, the current proposal puts forward the implementation of a massive EU-wide recovery plan addressing the long-lasting technological and environmental challenges of these years, which will be financed by European institutions through the issuance of European Pandemic Recovery Bonds.

Date: 2020
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DOI: 10.1007/s10272-020-0907-z

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