The need for monetary financing of corona budget deficits
De Grauwe, P.
(2020).
The need for monetary financing of corona budget deficits.
Intereconomics,
55(3), 133 - 134.
https://doi.org/10.1007/s10272-020-0885-1
(2020).
The need for monetary financing of corona budget deficits.
Intereconomics,
55(3), 133 - 134.
https://doi.org/10.1007/s10272-020-0885-1
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.
