Home > Catalogo > Innovation in Business, Economics & Finance > A New World Post COVID-19 > COVID-19 and Fiscal Policy in the Euro Area
cover
cover

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    

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.

Pubblicato
31 Luglio 2020
Accettato
30 Giugno 2020
Presentato
03 Giugno 2020
Lingua
EN
ISBN (EBOOK)
978-88-6969-442-4