CARGA_INICIAL_FUNCAS_EUROPE_20200529
On 8 July 2021, the European Central Bank revealed its revised monetary policy strategy. It had been a long time coming: the previous strategy had been in place for eighteen years and even then had not changed much from the original strategy agreed in October 1998, just prior to the launch of monetary union. A review to be concluded by the end of 2020 had been announced in January 2020, but was extended in April 2020, because of the pandemic, until the second semester of 2021.
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With governments daily announcing ever more extensive economic support packages, fiscal and other rules discarded, and monetary policy about as easy as it could conceivably be, the macroeconomic paradigm prevailing across Europe has been transformed. The questions now are what next and how will matters evolve as the Covid-19 economic crisis abates? A much-discussed answer has been modern monetary theory (MMT), an approach to macroeconomic policymaking that had already gained considerable traction prior to the pandemic.
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Texto introductorio que aparecerá en los listados.
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Averting a prolonged economic crisis stemming from Covid-19 Descargar artículo (formato PDF) Fecha: abril 2020 Iain Begg, European Institute, London School of Economics and Political Science, and Funcas Europe1 Introduction As more and more countries implement a lock-down to counter the threat to life from Covid-19, it has become increasingly clear that a sharp downturn in economic activity will follow. At this stage of the pandemic, it is futile to project how severe the downturn will be or how long…
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