The Need for Monetary Financing of Corona Budget Deficits

Sooner or later, the ECB must accept that monetary financing in support of deficit spending is a necessity not just for mitigating the coronavirus crisis, but also for averting a downward deflationary cycle that could pull the eurozone apart.

Detalles Bibliográficos
Autor principal: De Grauwe, Paul
Formato: Online Artículo Texto
Lenguaje:English
Publicado: Springer Berlin Heidelberg 2020
Materias:
Forum
Acceso en línea:https://www.ncbi.nlm.nih.gov/pmc/articles/PMC7276100/
https://www.ncbi.nlm.nih.gov/pubmed/32536706
http://dx.doi.org/10.1007/s10272-020-0885-1
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author De Grauwe, Paul
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description Sooner or later, the ECB must accept that monetary financing in support of deficit spending is a necessity not just for mitigating the coronavirus crisis, but also for averting a downward deflationary cycle that could pull the eurozone apart.
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spelling pubmed-72761002020-06-08 The Need for Monetary Financing of Corona Budget Deficits De Grauwe, Paul Inter Econ Forum Sooner or later, the ECB must accept that monetary financing in support of deficit spending is a necessity not just for mitigating the coronavirus crisis, but also for averting a downward deflationary cycle that could pull the eurozone apart. Springer Berlin Heidelberg 2020-06-07 2020 /pmc/articles/PMC7276100/ /pubmed/32536706 http://dx.doi.org/10.1007/s10272-020-0885-1 Text en © The Author(s) 2020 Open Access This article is licensed under a Creative Commons Attribution 4.0 International License, which permits use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons licence, and indicate if changes were made. The images or other third party material in this article are included in the article’s Creative Commons licence, unless indicated otherwise in a credit line to the material. If material is not included in the article’s Creative Commons licence and your intended use is not permitted by statutory regulation or exceeds the permitted use, you will need to obtain permission directly from the copyright holder. To view a copy of this licence, visit http://creativecommons.org/licenses/by/4.0/.
spellingShingle Forum
De Grauwe, Paul
The Need for Monetary Financing of Corona Budget Deficits
title The Need for Monetary Financing of Corona Budget Deficits
title_full The Need for Monetary Financing of Corona Budget Deficits
title_fullStr The Need for Monetary Financing of Corona Budget Deficits
title_full_unstemmed The Need for Monetary Financing of Corona Budget Deficits
title_short The Need for Monetary Financing of Corona Budget Deficits
title_sort need for monetary financing of corona budget deficits
topic Forum
url https://www.ncbi.nlm.nih.gov/pmc/articles/PMC7276100/
https://www.ncbi.nlm.nih.gov/pubmed/32536706
http://dx.doi.org/10.1007/s10272-020-0885-1
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