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The Need for Monetary Financing of Corona Budget Deficits
1European Institute, London School of Economics and Political Science, Houghton Street, WC2A 2AE London, UK.
Abstract:
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.
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