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The coming debate about European macroeconomic policy
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Spanish and international economic & financial outlook (SEFO), 2021, Vol. 10, No. 1, pp. 5-19
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JONES, Erik, The coming debate about European macroeconomic policy, Spanish and international economic & financial outlook (SEFO), 2021, Vol. 10, No. 1, pp. 5-19 - https://hdl.handle.net/1814/74046
Abstract
The debate over the deactivation of the ‘general escape clause’ highlights the tension between the need for active fiscal stimulus and fiscal sustainability. Given the damage wrought by COVID-19 and current debt levels in Southern Europe, the decision ultimately taken by the European Commission will be especially impactful on the region.
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Published online: January 2021