Out now in @jei-publication.bsky.social with @steffenmurau.bsky.social @agutersandu.bsky.social and Armin Haas:
Issuing EU debt despite fiscal rules, what we can learn from the limitations of the EU covid recovery fund, and what it all has to do with a famous cat ⬇️
🧵
Out now in @jei-publication.bsky.social with @steffenmurau.bsky.social @agutersandu.bsky.social and Armin Haas:
Issuing EU debt despite fiscal rules, what we can learn from the limitations of the EU covid recovery fund, and what it all has to do with a famous cat ⬇️
🧵
www.elgaronline.com/view/journal...
www.elgaronline.com/view/journal...
(i'm sure this won't have implications for the green transition on.ft.com/3CDvIzq)
(i'm sure this won't have implications for the green transition on.ft.com/3CDvIzq)
With the Recovery and Resilience Facility (RRF), the EU is now a big player in the bonds market. In a new working paper with @agutersandu.bsky.social, Armin Haas & @steffenmurau.bsky.social we conceptualise the RRF as Schrödinger's off-balance-sheet fiscal agency (OBFA)
With the Recovery and Resilience Facility (RRF), the EU is now a big player in the bonds market. In a new working paper with @agutersandu.bsky.social, Armin Haas & @steffenmurau.bsky.social we conceptualise the RRF as Schrödinger's off-balance-sheet fiscal agency (OBFA)