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The post Covid-19 new normal, a time for the decidedly abnormal: an opportunity for modern monetary theory?

27 April 2021


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.

Autores: Begg, Iain


Ratification of the EU Own-Resources Decision: what is the state of affairs?


The EU regulation governing the Recovery and Resilience Fund, which came into force in February, commits member states to submitting national recovery and resilience plans by the end of April. The European Commission will then have two months to evaluate the plans, which the Council is expected to approve by the end of July.

Autores: Carrión Álvarez, Miguel


Newsletter: Spain pushes ahead with Covid recovery plan while funds are delayed

22 April 2021


This week we are covering the Spanish recovery plan to fully understand how the Spanish government is working to take full advantage of the EU Next Generation programme.

Autores: Torres, Raymond


Eurozone PMIs in March 2021

15 April 2021


This month the IHS Markit Composite Output Index of the Eurozone increased by 4,4 points, thus leaving the index at an eight-month high. With a final value of 53,2, the Eurozone recorded a return to growth for the first time since October.

Autores: Lantos, Pamina

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