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来源类型Publication
‘Whatever It Takes’ Why Urgent Fiscal Policy Action is Key to Eurozone Success
Alessandro Leipold
发表日期2020-03-06
出版年2020
语种英语
概述In light of the recent COVID-19 outbreak and its impact on economic growth, Europe is faced with a clear and present danger of economic slowdown. But is it only...
摘要

In light of the recent COVID-19 outbreak and its impact on economic growth, Europe is faced with a clear and present danger of economic slowdown. But is it only COVID-19 that threatens the European economy? With central banks running low on ammunition, Chief Economist Alessandro Leipold calls for a Copernican Revolution in European policymaking. Fiscal policy – and the council of economic and financial affairs ministers who guide it – must step up and do “whatever it takes.” He proposes a five-point programme to shore up the European economy, including adopting a European unemployment benefit reinsurance programme, agreeing the Budgetary Instrument for Convergence and Competitiveness (BICC) mechanism, “embracing counter-cyclical fiscal stimulus centred on investment” and a putting a calculated end to indecision and meandering discussion. Economic Intelligence 10/2020 is the latest briefing of the Economic Intelligence series published by the Lisbon Council and devoted to highlighting issues surrounding — and arising from — key meetings of the European Council and eurozone finance ministers.

主题Leipold ; Euro ; Economy
URLhttps://lisboncouncil.net/publication/publication/171-whatever-it-takes-why-urgent-fiscal-policy-action-is-key-to-eurozone-success.html
来源智库Lisbon Council for Economic Competitiveness and Social Renewal (Belgium)
资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/472855
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Alessandro Leipold. ‘Whatever It Takes’ Why Urgent Fiscal Policy Action is Key to Eurozone Success. 2020.
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