19 Ergebnisse
Sortierung:
In: The federalist debate: papers for federalists in Europe and the world = ˜Leœ débat fédéraliste : cahiers trimestriels pour les fédéralistes en Europe et dans le monde, Band 26, Heft 2, S. 40-41
ISSN: 1591-8483
In: The federalist debate: papers for federalists in Europe and the world = ˜Leœ débat fédéraliste : cahiers trimestriels pour les fédéralistes en Europe et dans le monde, Band 25, Heft 3, S. 14-17
ISSN: 1591-8483
In: Quaderni del Circolo Rosselli: QCR : pubblicazione trimestrale, Band 30, Heft 107, S. 142-143
ISSN: 1123-9700
In: Quaderni del Circolo Rosselli: QCR : pubblicazione trimestrale, Band 29, Heft 105, S. 116-118
ISSN: 1123-9700
In: The federalist debate: papers for federalists in Europe and the world = ˜Leœ débat fédéraliste : cahiers trimestriels pour les fédéralistes en Europe et dans le monde, Band 22, Heft 3, S. 19-22
ISSN: 1591-8483
In: The federalist debate: papers for federalists in Europe and the world = ˜Leœ débat fédéraliste : cahiers trimestriels pour les fédéralistes en Europe et dans le monde, Band 21, Heft 3, S. 37-39
ISSN: 1591-8483
In: Quaderni del Circolo Rosselli: QCR : pubblicazione trimestrale, Band 27, Heft 98, S. 184-185
ISSN: 1123-9700
In: Structural change and economic dynamics, Band 56, S. 386-399
ISSN: 1873-6017
SSRN
In: SWPS 2021-05
SSRN
SSRN
Working paper
In: SWPS 20, 2019
SSRN
Working paper
In: Perspectives on Federalism, Band 8, Heft 2, S. E-124-E-157
ISSN: 2036-5438
Abstract
Eight years after the outbreak of the crisis, the Eurozone (EZ) fiscal policy remains fragmented at the national level. This paper fills the structural gap between the monetary and fiscal dimensions of EZ economic policy by suggesting a 'conventional' direction to the unconventional Quantitative Easing (QE) policy of the European Central Bank (ECB). We propose an evolution for QE to tackle the shortcomings of the current 'decentralized' fiscal policy in the EZ. In a nutshell, we suggest a change in the composition of QE asset purchases, focusing on buying European Investment Bank (EIB) bonds that, in turn, would be used to finance real investments through the Juncker Plan programme. The rationale of our proposal is legitimised by an overview of the gloomy macroeconomic conditions of the EZ, and the situation in ongoing policies. The mechanism is described in detail, with a discussion of both its strengths and possible limitations.