The risks of exiting too early the policy responses to the COVID-19 recession()

This policy brief warns about the risks of discontinuing the policy responses to the COVID-19 crisis by pursuing exit strategies too early and/or too sharply. It outlines a comprehensive strategy for limiting such risks globally and offers an in-depth discussion of the European situation. Due to fis...

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Autores principales: Cassola, Nuno, De Grauwe, Paul, Morana, Claudio, Tirelli, Patrizio
Formato: Online Artículo Texto
Lenguaje:English
Publicado: The Author(s). Published by Elsevier Ltd. 2022
Materias:
Article
Acceso en línea:https://www.ncbi.nlm.nih.gov/pmc/articles/PMC8614066/
http://dx.doi.org/10.1016/j.resglo.2021.100073
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author Cassola, Nuno
De Grauwe, Paul
Morana, Claudio
Tirelli, Patrizio
author_facet Cassola, Nuno
De Grauwe, Paul
Morana, Claudio
Tirelli, Patrizio
author_sort Cassola, Nuno
collection PubMed
description This policy brief warns about the risks of discontinuing the policy responses to the COVID-19 crisis by pursuing exit strategies too early and/or too sharply. It outlines a comprehensive strategy for limiting such risks globally and offers an in-depth discussion of the European situation. Due to fiscal rules written in a pre- COVID-19 era and excessive emphasis on controlling public debt ratios, the Euro Area could be left with long-lasting scars, so its situation requires special treatment. Therefore, we articulate some policy proposals designed to preserve and strengthen the recovery in the EMU.
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spelling pubmed-86140662021-11-26 The risks of exiting too early the policy responses to the COVID-19 recession() Cassola, Nuno De Grauwe, Paul Morana, Claudio Tirelli, Patrizio Research in Globalization Article This policy brief warns about the risks of discontinuing the policy responses to the COVID-19 crisis by pursuing exit strategies too early and/or too sharply. It outlines a comprehensive strategy for limiting such risks globally and offers an in-depth discussion of the European situation. Due to fiscal rules written in a pre- COVID-19 era and excessive emphasis on controlling public debt ratios, the Euro Area could be left with long-lasting scars, so its situation requires special treatment. Therefore, we articulate some policy proposals designed to preserve and strengthen the recovery in the EMU. The Author(s). Published by Elsevier Ltd. 2022-06 2021-11-25 /pmc/articles/PMC8614066/ http://dx.doi.org/10.1016/j.resglo.2021.100073 Text en © 2021 The Author(s) Since January 2020 Elsevier has created a COVID-19 resource centre with free information in English and Mandarin on the novel coronavirus COVID-19. The COVID-19 resource centre is hosted on Elsevier Connect, the company's public news and information website. Elsevier hereby grants permission to make all its COVID-19-related research that is available on the COVID-19 resource centre - including this research content - immediately available in PubMed Central and other publicly funded repositories, such as the WHO COVID database with rights for unrestricted research re-use and analyses in any form or by any means with acknowledgement of the original source. These permissions are granted for free by Elsevier for as long as the COVID-19 resource centre remains active.
spellingShingle Article
Cassola, Nuno
De Grauwe, Paul
Morana, Claudio
Tirelli, Patrizio
The risks of exiting too early the policy responses to the COVID-19 recession()
title The risks of exiting too early the policy responses to the COVID-19 recession()
title_full The risks of exiting too early the policy responses to the COVID-19 recession()
title_fullStr The risks of exiting too early the policy responses to the COVID-19 recession()
title_full_unstemmed The risks of exiting too early the policy responses to the COVID-19 recession()
title_short The risks of exiting too early the policy responses to the COVID-19 recession()
title_sort risks of exiting too early the policy responses to the covid-19 recession()
topic Article
url https://www.ncbi.nlm.nih.gov/pmc/articles/PMC8614066/
http://dx.doi.org/10.1016/j.resglo.2021.100073
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