The Need for Monetary Financing of Corona Budget Deficits
Abstract 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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| Main Author: | |
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| Format: | Article |
| Language: | English |
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Springer
2020-06-01
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| Series: | Intereconomics |
| Online Access: | https://doi.org/10.1007/s10272-020-0885-1 |
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| Summary: | Abstract 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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| ISSN: | 0020-5346 1613-964X |