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The evolution of European economic institutions during the COVID-19 crisis | |
Antoine Camous and Grégory Claeys | |
2020-11-19 | |
出版年 | 2020 |
国家 | 欧洲 |
领域 | 资源环境 |
英文摘要 |
This article was originally published on the European Policy Analysis Journal. This article argues that the incomplete economic and institutional integration of the euro area has exposed the monetary union to increasing economic divergence, which could be deepened by the COVID-19 crisis. We discuss how monetary and fiscal measures implemented at the onset of the pandemic have contributed to mitigate the economic consequences of lockdowns, but provided limited insurance to narrow economic gaps across member countries. However, EU countries agreed on July 21, 2020 to develop, for the first time, countercyclical fiscal transfers financed by common debt issuance. We discuss the potential of this instrument to contribute to improve the resilience of the eurozone. |
URL | 查看原文 |
来源平台 | Bruegel |
文献类型 | 科技报告 |
条目标识符 | http://119.78.100.173/C666/handle/2XK7JSWQ/304430 |
专题 | 资源环境科学 |
推荐引用方式 GB/T 7714 | Antoine Camous and Grégory Claeys. The evolution of European economic institutions during the COVID-19 crisis,2020. |
条目包含的文件 | 条目无相关文件。 |
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