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COVID-19 and fiscal policy in the euro area

Busetto, F., Dufour, A. ORCID: and Varotto, S. ORCID: (2020) COVID-19 and fiscal policy in the euro area. In: Billio, M. and Varotto, S. ORCID: (eds.) A New World Post COVID-19 Lessons for Business, the Finance Industry and Policy Makers. Innovation in Business, Economics & Finance (1). Edizioni Ca' Foscari, Venice, Italy, pp. 69-81. ISBN 9788869694424

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To link to this item DOI: 10.30687/978-88-6969-442-4/005


In this chapter we document fiscal policy developments in the main euro area economies over the last two decades and highlight the dramatic changes triggered by the COVID-19 pandemic. We analyse how euro area yield curves respond to COVID-19 related expectations of fiscal expansion. We show how fiscal constraints may affect interest rates. Upward pressure on national yields from higher debt levels could compromise fiscal and financial stability in the long-term.

Item Type:Book or Report Section
Divisions:Henley Business School > ICMA Centre
ID Code:92078
Uncontrolled Keywords:Fiscal Policy. Debt. COVID-19. Interest Rates. Sovereign Yields.
Publisher:Edizioni Ca' Foscari


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