Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/303449 
Erscheinungsjahr: 
2021
Schriftenreihe/Nr.: 
LEQS Paper No. 166
Verlag: 
London School of Economics and Political Science (LSE), European Institute, London
Zusammenfassung: 
The unprecedented fiscal package adopted by the European Council in the summer of 2020 ―dubbed Next Generation EU―is vital for the recovery of the euro area from the pandemic shock. However, there are risks that targets will not be met and that it may prove difficult to muster the same degree of European 'solidarity' in the future. Computations with a stylised macroeconomic model indicate that an alternative approach, with ex ante risk sharing through the creation of a Eurobond and permanent fiscal capacity at the centre, would be at least as powerful, yet it would be more sustainable, automatic and timely.
Schlagwörter: 
Fiscal Policy
Business fluctuations
Safe sovereign assests
Fiscal capacity
Dokumentart: 
Working Paper

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