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.
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Alberto Botta, University of Greenwich, UK.
Eugenio Caverzasi, Università degli Studi dell’Insubria, Varese, Italy.
Alberto Russo, Universitat Jaume I, Castellòn de la Plana, Spain; and Università Politecnica delle Marche, Ancona, Italy.
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Botta, A., Caverzasi, E. & Russo, A. Fighting the COVID-19 Crisis: Debt Monétisation and EU Recovery Bonds. Intereconomics 55, 239–244 (2020). https://doi.org/10.1007/s10272-020-0907-z
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DOI: https://doi.org/10.1007/s10272-020-0907-z