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The need for monetary financing of corona budget deficits

Author

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  • De Grauwe, Paul

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.

Suggested Citation

  • De Grauwe, Paul, 2020. "The need for monetary financing of corona budget deficits," LSE Research Online Documents on Economics 105098, London School of Economics and Political Science, LSE Library.
  • Handle: RePEc:ehl:lserod:105098
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    File URL: http://eprints.lse.ac.uk/105098/
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    Citations

    RePEc Biblio mentions

    As found on the RePEc Biblio, the curated bibliography for Economics:
    1. > Economics of Welfare > Health Economics > Economics of Pandemics > Specific pandemics > Covid-19 > Economic policy > Money and monetary policy

    More about this item

    Keywords

    Covid-19; coronavirus;

    JEL classification:

    • J1 - Labor and Demographic Economics - - Demographic Economics
    • F3 - International Economics - - International Finance
    • G3 - Financial Economics - - Corporate Finance and Governance

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