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Going Fiscal? A Stylised Model with Fiscal capacity and a Eurobond in the Eurozone - Lorenzo Codogno and Paul van den Noord - Presentation at the UACES Conference

Economic growth is vulnerable to external shocks (the pandemic was indeed a big one) and thus requires a macroeconomic stabilisation mechanism in the Eurozone. There is a need to avoid unnecessary strains to macro economic and financial stability, while preserving market discipline, avoiding moral hazard, and enhancing welfare for all.

Click on the PDF file below to see the slides from the presentation.

UACES Going Fiscal Fiscal capacity and a Eurobond.pdf782.03 KB