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European Union, Pandemics, and Wars

Author

Listed:
  • Giuseppe Bertola

    (Università di Torino)

Abstract

Economic and social crises like those experienced in 2020-2022 are familiar from earlier European experiences. What is now the European Union originated in a common-market toolbox in the aftermath of World War II. It evolved through crises into a complicated and unstable set of policies and institutions. The COVID-19 and war in Ukraine reinforced policy coordination and added a novel common fiscal facility to that supranational policy framework, but renewed emphasis on governments and subsidies threatens the crucial role of integrated markets as the principal instrument for growth, cohesion, stability, and peace in Europe.

Suggested Citation

  • Giuseppe Bertola, 2022. "European Union, Pandemics, and Wars," Annals of the Fondazione Luigi Einaudi. An Interdisciplinary Journal of Economics, History and Political Science, Fondazione Luigi Einaudi, Torino (Italy), vol. 56(1), pages 275-284, June.
    • Handle: RePEc:fle:journl:v:56:y:2022:i:1:p:275-284
    DOI: 10.26331/1180
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    References listed on IDEAS

    as
    1. Harold L. Cole & Timothy J. Kehoe, 2000. "Self-Fulfilling Debt Crises," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 67(1), pages 91-116.
    2. Torben M. Andersen & Giuseppe Bertola & John Driffill & Clemens Fuest & Harold James & Jan-Egbert Sturm & Branko Uroševic, 2019. "Chapter 2: Coping (or not) with Change," EEAG Report on the European Economy, CESifo, vol. 0, pages 38-60, February.
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    More about this item

    Keywords

    Economic Policies; War and Trade;

    JEL classification:

    • B22 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Macroeconomics
    • E61 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Policy Objectives; Policy Designs and Consistency; Policy Coordination

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