COVID-19: A euro area safe asset and fiscal capacity are needed now
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| Publication date | 25-03-2020 |
| Publisher | VoxEU |
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| Abstract | The COVID-19 outbreak that is hitting the euro area economy needs to be met by a powerful policy response beyond the emergency measures already in place. This column uses an empirically calibrated model to show that the creation of a safe asset and fiscal capacity at the centre – on which the debate has been ongoing for a long while – would be a powerful means to mitigate the economic impact of the crisis. |
| Document type | Web publication or website |
| Language | English |
| Published at | https://voxeu.org/article/covid-19-euro-area-safe-asset-and-fiscal-capacity-are-needed-now |
| Downloads |
COVID-19 A euro area safe asset and fiscal capacity are needed now VOX, CEPR P
(Final published version)
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