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Towards an effective implementation of the EU’s recovery package

Author

Listed:
  • Zorell, Nico
  • Tordoir, Sander

Abstract

The EU’s recovery package has the potential to mitigate the heterogeneous fallout from the COVID-19 pandemic. Its effectiveness will depend on the achievement of an adequate balance of mutually reinforcing investments and reforms. To ensure a timely and efficient absorption of recovery funds for productive public spending, special attention should be paid to bolstering administrative capacity and reducing implementation bottlenecks. JEL Classification: E60, F45, H12, O43

Suggested Citation

  • Zorell, Nico & Tordoir, Sander, 2021. "Towards an effective implementation of the EU’s recovery package," Economic Bulletin Boxes, European Central Bank, vol. 2.
    • Handle: RePEc:ecb:ecbbox:2021:0002:7
    Note: 1641505
    as

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    File URL: https://www.ecb.europa.eu//pub/economic-bulletin/focus/2021/html/ecb.ebbox202102_07~7050ed41dd.en.html
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    More about this item

    Keywords

    investment; Recovery package; reform;
    All these keywords.

    JEL classification:

    • E60 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - General
    • F45 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Macroeconomic Issues of Monetary Unions
    • H12 - Public Economics - - Structure and Scope of Government - - - Crisis Management
    • O43 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Institutions and Growth

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