COVID-19 and Fiscal Policy in the Euro Area

« previous chapter | next chapter »

Iscriviti alla newsletter

DC Field	Value
dc.identifier	ECF_chapter_4192
dc.contributor.author	Busetto F.
dc.contributor.author	Dufour Alfonso
dc.contributor.author	Varotto Simone
dc.title	COVID-19 and Fiscal Policy in the Euro Area
dc.type	Chapter
dc.language.iso	en
dc.description.abstract	In this chapter we document fiscal policy developments in the main euro area economies over the last two decades and highlight the dramatic changes triggered by the COVID-19 pandemic. We analyse how euro area yield curves respond to COVID-19 related expectations of fiscal expansion. We show how fiscal constraints may affect interest rates. Upward pressure on national yields from higher debt levels could compromise fiscal and financial stability in the long-term.
dc.relation.ispartof	Innovation in Business, Economics & Finance
dc.publisher	Edizioni Ca’ Foscari - Digital Publishing, Fondazione Università Ca’ Foscari
dc.issued	2020-07-31
dc.dateAccepted	2020-06-30
dc.dateSubmitted	2020-06-03
dc.identifier.uri	http://edizionicafoscari.it/en/edizioni4/libri/978-88-6969-443-1/covid-19-and-fiscal-policy-in-the-euro-area/
dc.identifier.doi	10.30687/978-88-6969-442-4/005
dc.identifier.eissn	2784-8574
dc.identifier.isbn
dc.identifier.eisbn	978-88-6969-442-4
dc.rights	Creative Commons Attribution 4.0 International Public License
dc.rights.uri	http://creativecommons.org/licenses/by/4.0/
item.fulltext	with fulltext
item.grantfulltext	open
dc.peer-review	yes
dc.subject	COVID-19
dc.subject	COVID-19
dc.subject	Debt
dc.subject	Debt
dc.subject	Fiscal Policy
dc.subject	Fiscal Policy
dc.subject	Interest Rates
dc.subject	Interest Rates
dc.subject	Sovereign Yields
dc.subject	Sovereign Yields

Chapter
open access peer reviewed

COVID-19 and Fiscal Policy in the Euro Area

F. Busetto ICMA Centre, Henley Business School, University of Reading, UK; European Central Bank

Alfonso Dufour ICMA Centre, Henley Business School, University of Reading, UK

Simone Varotto ICMA Centre, Henley Business School, University of Reading, UK

VIEW PDF DOWNLOAD PDF

abstract

In this chapter we document fiscal policy developments in the main euro area economies over the last two decades and highlight the dramatic changes triggered by the COVID-19 pandemic. We analyse how euro area yield curves respond to COVID-19 related expectations of fiscal expansion. We show how fiscal constraints may affect interest rates. Upward pressure on national yields from higher debt levels could compromise fiscal and financial stability in the long-term.

Published

July 31, 2020

Accepted

June 30, 2020

Submitted

June 3, 2020

Language

ISBN (EBOOK)

978-88-6969-442-4

Keywords: Sovereign Yields • Debt • Fiscal Policy • Interest Rates • COVID-19

permalink: http://doi.org/10.30687/978-88-6969-442-4/005

Copyright: © 2020 F. Busetto, Alfonso Dufour, Simone Varotto. This is an open-access work distributed under the terms of the Creative Commons Attribution License (CC BY). The use, distribution or reproduction is permitted, provided that the original author(s) and the copyright owner(s) are credited and that the original publication is cited, in accordance with accepted academic practice. The license allows for commercial use. No use, distribution or reproduction is permitted which does not comply with these terms.

References to this chapter

How to cite