Debt sharing after Covid-19: How the direct involvement of EU institutions could impact the recovery path of a member state
Author
Abstract
Suggested Citation
Download full text from publisher
References listed on IDEAS
- Varthalitis, Petros, 2019.
"FIR-GEM: A SOE-DSGE Model for fiscal policy analysis in Ireland,"
Papers
WP620, Economic and Social Research Institute (ESRI).
- Varthalitis, Petros, 2019. "FIR-GEM: A SOE-DSGE Model for fiscal policy analysis in Ireland," MPRA Paper 93059, University Library of Munich, Germany.
- Luca Fornaro & Martin Wolf, 2020.
"Covid-19 coronavirus and macroeconomic policy,"
Economics Working Papers
1713, Department of Economics and Business, Universitat Pompeu Fabra.
- Fornaro, Luca & ,, 2020. "Covid-19 Coronavirus and Macroeconomic Policy," CEPR Discussion Papers 14529, C.E.P.R. Discussion Papers.
- Luca Fornaro & Martin Wolf, 2020. "Covid-19 Coronavirus and Macroeconomic Policy," Working Papers 1168, Barcelona School of Economics.
- Schmitt-Grohe, Stephanie & Uribe, Martin, 2003.
"Closing small open economy models,"
Journal of International Economics, Elsevier, vol. 61(1), pages 163-185, October.
- Stephanie Schmitt-Grohe & Martin Uribe, 2001. "Closing Small Open Economy Models," Departmental Working Papers 200115, Rutgers University, Department of Economics.
- Stephanie Schmitt-Grohe & Martin Uribe, 2002. "Closing Small Open Economy Models," NBER Working Papers 9270, National Bureau of Economic Research, Inc.
- Uribe, MartÃn & Schmitt-Grohé, Stephanie, 2002. "Closing Small Open Economy Models," CEPR Discussion Papers 3096, C.E.P.R. Discussion Papers.
- McQuinn, Kieran & O'Toole, Conor & Allen-Coghlan, Matthew & Coffey, Cathal, 2020. "Quarterly Economic Commentary, Summer 2020," Forecasting Report, Economic and Social Research Institute (ESRI), number QEC2020SUM, march.
- George Economides & Dimitris Papageorgiou & Apostolis Philippopoulos, 2020.
"Macroeconomic policy lessons for Greece,"
GreeSE – Hellenic Observatory Papers on Greece and Southeast Europe
152, Hellenic Observatory, LSE.
- Economides, George & Papageorgiou, Dmitris & Philippopoulos, Apostolis, 2020. "Macroeconomic policy lessons from Greece," LSE Research Online Documents on Economics 107155, London School of Economics and Political Science, LSE Library.
- Hagedorn, Marcus & Mitman, Kurt, 2020. "Corona Policy According to HANK," CEPR Discussion Papers 14694, C.E.P.R. Discussion Papers.
- Martin S Eichenbaum & Sergio Rebelo & Mathias Trabandt, 2021.
"The Macroeconomics of Epidemics [Economic activity and the spread of viral diseases: Evidence from high frequency data],"
The Review of Financial Studies, Society for Financial Studies, vol. 34(11), pages 5149-5187.
- Martin S. Eichenbaum & Sergio Rebelo & Mathias Trabandt, 2020. "The Macroeconomics of Epidemics," NBER Working Papers 26882, National Bureau of Economic Research, Inc.
- Rebelo, Sérgio & Eichenbaum, Martin & Trabandt, Mathias, 2020. "The Macroeconomics of Epidemics," CEPR Discussion Papers 14520, C.E.P.R. Discussion Papers.
- Leeper, Eric M., 1991. "Equilibria under 'active' and 'passive' monetary and fiscal policies," Journal of Monetary Economics, Elsevier, vol. 27(1), pages 129-147, February.
- Varthalitis, Petros, 2019. "Fiscal multipliers in Ireland using FIR-GEM model," Papers WP636, Economic and Social Research Institute (ESRI).
- George Economides & Dimitris Papageorgiou & Apostolis Philippopoulos, 2020. "Macroeconomic Policy Lessons for Greece from the Debt Crisis," CESifo Working Paper Series 8188, CESifo.
- Eric M. Leeper & Nora Traum & Todd B. Walker, 2017.
"Clearing Up the Fiscal Multiplier Morass,"
American Economic Review, American Economic Association, vol. 107(8), pages 2409-2454, August.
- Eric M. Leeper & Nora Traum & Todd B. Walker, 2011. "Clearing Up the Fiscal Multiplier Morass," NBER Working Papers 17444, National Bureau of Economic Research, Inc.
- Eric M. Leeper & Nora Traum & Todd B. Walker, 2015. "Clearing Up the Fiscal Multiplier Morass," CAEPR Working Papers 2015-013, Center for Applied Economics and Policy Research, Department of Economics, Indiana University Bloomington.
- McQuinn, Kieran & O'Toole, Conor & Kostarakos, Ilias & Coffey, Cathal & Wendy Disch, 2021. "Quarterly Economic Commentary, Summer 2021," Forecasting Report, Economic and Social Research Institute (ESRI), number QEC2021SUM, march.
- AgneÌ€s BeÌ nassy-QueÌ reÌ & Ramon Marimon & Jean Pisani- Ferry & Lucrezia Reichlin & Dirk Schoenmaker & Beatrice Weder di Mauro, 2020.
"COVID-19: Europe needs a catastrophe relief plan,"
Vox eBook Chapters, in: AgneÌ€s BeÌ nassy-QueÌ reÌ & Beatrice Weder di Mauro (ed.), Europe in the Time of Covid-19, edition 1, volume 1, chapter 1, pages 109-112,
Centre for Economic Policy Research.
- Agnès Bénassy-Quéré & Ramon Marimon & Jean Pisani-Ferry & Lucrezia Reichlin & Dirk Schoenmaker & Beatrice Weder Di Mauro, 2020. "COVID-19: Europe needs a catastrophe relief plan," PSE-Ecole d'économie de Paris (Postprint) halshs-03230045, HAL.
- Agnès Bénassy-Quéré & Ramon Marimon & Jean Pisani-Ferry & Lucrezia Reichlin & Dirk Schoenmaker & Beatrice Weder Di Mauro, 2020. "COVID-19: Europe needs a catastrophe relief plan," Post-Print halshs-03230045, HAL.
- Christian Bayer & Benjamin Born & Ralph Luetticke & Gernot J Müller, 2023.
"The Coronavirus Stimulus Package: How Large is the Transfer Multiplier,"
The Economic Journal, Royal Economic Society, vol. 133(652), pages 1318-1347.
- Bayer, Christian & Born, Benjamin & Luetticke, Ralph & Müller, Gernot, 2022. "The Coronavirus Stimulus Package: How large is the transfer multiplier?," CEPR Discussion Papers 14600, C.E.P.R. Discussion Papers.
- David Cronin & Peter Dunne & Kieran McQuinn, 2019.
"Have Irish Sovereign Bonds Decoupled from the Euro Area Periphery, and Why?,"
The Economic and Social Review, Economic and Social Studies, vol. 50(3), pages 529-556.
- Cronin, David & Dunne, Peter & McQuinn, Kieran, 2019. "Have Irish sovereign bonds decoupled from the euro area periphery, and why?," Papers WP625, Economic and Social Research Institute (ESRI).
- Apostolis Philippopoulos & Petros Varthalitis & Vanghelis Vassilatos, 2017.
"Fiscal Consolidation in an Open Economy with Sovereign Premia and without Monetary Policy Independence,"
International Journal of Central Banking, International Journal of Central Banking, vol. 13(4), pages 259-306, December.
- Philippopoulos, Apostolis & Varthalitis, Petros & Vassilatos, Vanghelis, 2016. "Fiscal consolidation in an open economy with sovereign premia and without monetary policy independence," MPRA Paper 81327, University Library of Munich, Germany.
- Faria-e-Castro, Miguel, 2021.
"Fiscal policy during a pandemic,"
Journal of Economic Dynamics and Control, Elsevier, vol. 125(C).
- Miguel Faria-e-Castro, 2020. "Fiscal Policy during a Pandemic," Working Papers 2020-006, Federal Reserve Bank of St. Louis, revised Feb 2021.
- Gros, Daniel & Mayer, Thomas, 2012. "Liquidity in times of crisis: Even the ESM needs it," CEPS Papers 6787, Centre for European Policy Studies.
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Allen-Coghlan, Matthew & McQuinn, Kieran & Varthalitis, Petros, 2020. "Sovereign debt after COVID-19: How the involvement of the ECB can impact the recovery path of a Member State," Quarterly Economic Commentary: Special Articles, Economic and Social Research Institute (ESRI).
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Philipp Pfeiffer & Werner Roeger & Jan in ’t Veld, 2020. "The COVID19-Pandemic in the EU: Macroeconomic Transmission and Economic Policy Response," European Economy - Discussion Papers 127, Directorate General Economic and Financial Affairs (DG ECFIN), European Commission.
- Allen-Coghlan, Matthew & McQuinn, Kieran & Varthalitis, Petros, 2020. "Sovereign debt after COVID-19: How the involvement of the ECB can impact the recovery path of a Member State," Quarterly Economic Commentary: Special Articles, Economic and Social Research Institute (ESRI).
- Charles A.E. Goodhart & Dimitrios P. Tsomocos & Xuan Wang, 2023.
"Support for small businesses amid COVID‐19,"
Economica, London School of Economics and Political Science, vol. 90(358), pages 612-652, April.
- Charles Goodhart & Dimitrios Tsomocos & Xuan Wang, 2020. "Support for Small Businesses amid COVID-19," Tinbergen Institute Discussion Papers 20-044/IV, Tinbergen Institute, revised 22 Jan 2021.
- Goodhart, Charles A.E. & Tsomocos, Dimitrios P. & Wang, Xuan, 2023. "Support for small businesses amid COVID‐19," LSE Research Online Documents on Economics 118164, London School of Economics and Political Science, LSE Library.
- Goodhart, Charles & Tsomocos, Dimitrios P & Wang, Xuan, 2020. "Support for Small Businesses amid COVID-19," CEPR Discussion Papers 15055, C.E.P.R. Discussion Papers.
- Bandeira, Guilherme & Caballé, Jordi & Vella, Eugenia, 2022.
"Emigration and fiscal austerity in a depression,"
Journal of Economic Dynamics and Control, Elsevier, vol. 144(C).
- Guilherme Bandeira & Jordi Caballe & Eugenia Vella, 2022. "Emigration and Fiscal Austerity in a Depression," DEOS Working Papers 2224, Athens University of Economics and Business.
- Lie, Denny, 2021.
"Implications of state-dependent pricing for DSGE model-based policy analysis in Indonesia,"
Economic Analysis and Policy, Elsevier, vol. 71(C), pages 532-552.
- Denny Lie, 2020. "Implications of state-dependent pricing for DSGE model-based policy analysis in Indonesia," CAMA Working Papers 2020-73, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.
- Lie, Denny, 2020. "Implications of state-dependent pricing for DSGE model-based policy analysis in Indonesia," Working Papers 2020-08, University of Sydney, School of Economics, revised Feb 2021.
- Hiona Balfoussia & Heather D. Gibson & Dimitris Malliaropulos & Dimitris Papageorgiou, 2020. "The economic impact of pandemics: real and financial transmission channels," Working Papers 283, Bank of Greece.
- Mr. Tidiane Kinda & Andras Lengyel & Kaustubh Chahande, 2022. "Fiscal Multipliers During Pandemics," IMF Working Papers 2022/149, International Monetary Fund.
- David Baqaee & Emmanuel Farhi, 2020.
"Nonlinear Production Networks with an Application to the Covid-19 Crisis,"
NBER Working Papers
27281, National Bureau of Economic Research, Inc.
- Farhi, Emmanuel & Baqaee, David Rezza, 2020. "Nonlinear Production Networks with an Application to the Covid-19 Crisis," CEPR Discussion Papers 14742, C.E.P.R. Discussion Papers.
- Graham, James & Ozbilgin, Murat, 2021. "Age, industry, and unemployment risk during a pandemic lockdown," Journal of Economic Dynamics and Control, Elsevier, vol. 133(C).
- Hausmann, Ricardo & Schetter, Ulrich, 2022. "Horrible trade-offs in a pandemic: Poverty, fiscal space, policy, and welfare," World Development, Elsevier, vol. 153(C).
- Economides, George & Papageorgiou, Dmitris & Philippopoulos, Apostolis, 2020.
"Macroeconomic policy lessons from Greece,"
LSE Research Online Documents on Economics
107155, London School of Economics and Political Science, LSE Library.
- George Economides & Dimitris Papageorgiou & Apostolis Philippopoulos, 2020. "Macroeconomic policy lessons for Greece," GreeSE – Hellenic Observatory Papers on Greece and Southeast Europe 152, Hellenic Observatory, LSE.
- Romanos Priftis & Srec̆ko Zimic, 2021.
"Sources of Borrowing and Fiscal Multipliers [Emerging market business cycles: the cycle is the trend],"
The Economic Journal, Royal Economic Society, vol. 131(633), pages 498-519.
- Priftis, Romanos; Zimic, Srecko, 2017. "Sources of Borrowing and Fiscal Multipliers," Economics Working Papers ECO2017/01, European University Institute.
- Romanos Priftis & Srecko Zimic, 2018. "Sources of Borrowing and Fiscal Multipliers," Staff Working Papers 18-32, Bank of Canada.
- Srecko Zimic & Romanos Priftis, 2017. "Sources of Borrowing and Fiscal Multipliers," 2017 Meeting Papers 294, Society for Economic Dynamics.
- Priftis, Romanos & Zimic, Srečko, 2018. "Sources of borrowing and fiscal multipliers," Working Paper Series 2209, European Central Bank.
- Hinterlang, Natascha & Moyen, Stephane & Röhe, Oke & Stähler, Nikolai, 2023.
"Gauging the effects of the German COVID-19 fiscal stimulus package,"
European Economic Review, Elsevier, vol. 154(C).
- Hinterlang, Natascha & Moyen, Stéphane & Röhe, Oke & Stähler, Nikolai, 2021. "Gauging the effects of the German COVID-19 fiscal stimulus package," Discussion Papers 43/2021, Deutsche Bundesbank.
- McQuinn, Kieran & Varthalitis, Petros, 2018.
"How openness to trade rescued the Irish economy,"
Papers
WP608, Economic and Social Research Institute (ESRI).
- McQuinn, Kieran & Varthalitis, Petros, 2018. "How openness to trade rescued the Irish economy," MPRA Paper 90416, University Library of Munich, Germany.
- Alessandro Di Nola & Leo Kaas & Haomin Wang, 2023.
"Rescue policies for small businesses in the Covid-19 recession,"
Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 51, pages 579-603, December.
- Alessandro Di Nola & Leo Kaas & Haomin Wang, 2023. "Online Appendix to "Rescue policies for small businesses in the Covid-19 recession"," Online Appendices 22-55, Review of Economic Dynamics.
- Garriga, Carlos & Manuelli, Rody & Sanghi, Siddhartha, 2022.
"Optimal management of an epidemic: Lockdown, vaccine and value of life,"
Journal of Economic Dynamics and Control, Elsevier, vol. 140(C).
- Carlos Garriga & Rody Manuelli & Siddhartha Sanghi, 2020. "Optimal Management of an Epidemic: Lockdown, Vaccine and Value of Life," Working Papers 2020-031, Human Capital and Economic Opportunity Working Group.
- Carlos Garriga & Rodolfo E. Manuelli & Siddhartha Sanghi, 2022. "Optimal Management of an Epidemic: Lockdown, Vaccine and Value of Life," Working Papers 2020-046, Federal Reserve Bank of St. Louis.
- Ambrocio, Gene & Juselius, Mikael, 2020. "Dealing with the costs of the COVID-19 pandemic – what are the fiscal options?," BoF Economics Review 2/2020, Bank of Finland.
- George Economides & Apostolis Philippopoulos & Petros Varthalitis, 2016.
"Monetary Union, Even Higher Integration, or Back to National Currencies?,"
CESifo Economic Studies, CESifo Group, vol. 62(2), pages 232-255.
- George Economides & Apostolis Philippopoulos & Petros Varthalitis, 2016. "Monetary Union, Even Higher Integration, or Back to National Currencies?," CESifo Working Paper Series 5762, CESifo.
- Varthalitis, Petros, 2019.
"FIR-GEM: A SOE-DSGE Model for fiscal policy analysis in Ireland,"
Papers
WP620, Economic and Social Research Institute (ESRI).
- Varthalitis, Petros, 2019. "FIR-GEM: A SOE-DSGE Model for fiscal policy analysis in Ireland," MPRA Paper 93059, University Library of Munich, Germany.
- Davide Furceri & Mr. Jonathan David Ostry, 2021.
"Initial Output Losses from the Covid-19 Pandemic: Robust Determinants,"
IMF Working Papers
2021/018, International Monetary Fund.
- Ostry, Jonathan D. & Furceri, Davide & Ganslmeier, Michael & Yang, Naihan, 2021. "Initial Output Losses from the Covid-19 Pandemic: Robust Determinants," CEPR Discussion Papers 15892, C.E.P.R. Discussion Papers.
Corrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:esr:wpaper:wp663. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sarah Burns (email available below). General contact details of provider: https://edirc.repec.org/data/esriiie.html .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.