Who will pay for the global recovery – and how?
The State of the Union Conference, 2021, Global Economy
BOONE, Laurence, BUCHHEIT, Lee C., MISCHKE, Jan, Who will pay for the global recovery – and how?, The State of the Union Conference, 2021, Global Economy - https://hdl.handle.net/1814/71453
Retrieved from Cadmus, EUI Research Repository
The economic costs of COVID-19 have by now been shown to be much larger than originally foreseen in the early days of the pandemic. Faced with a simultaneous and prolonged supply-side and demand-side shock, governments have gone to extraordinary lengths in order to avoid an overly heavy burden from the health crisis on households and businesses as well as to sustain and support an eventual economic recovery. This unprecedented fiscal expansion has pushed already high public deficits and debts even higher, in both advanced as well as emerging economies. We now live in a debt-heavy world; but will that debt have to be repaid, and how?
This contribution was delivered online on 6 May 2021 on the occasion of the hybrid 2021 edition of EUI State of the Union on ‘Europe in a Changing World'.
Cadmus permanent link: https://hdl.handle.net/1814/71453
External link: https://www.youtube.com/watch?v=awGIer6y8aE&t=15732s
Series/Number: The State of the Union Conference; 2021; Global Economy
Publisher: European University Institute
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