Simulating the distributive effects of the Macron-Merkel-Recovery Fund

Heinemann, Friedrich

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URN: urn:nbn:de:bsz:180-madoc-633576
Document Type: Working paper
Year of publication: 2020
The title of a journal, publication series: ZEW-Kurzexpertise
Volume: 20-07
Place of publication: Mannheim
Publication language: English
Institution: Sonstige Einrichtungen > ZEW - Leibniz-Zentrum für Europäische Wirtschaftsforschung
MADOC publication series: Veröffentlichungen des ZEW (Leibniz-Zentrum für Europäische Wirtschaftsforschung) > ZEW Kurzexpertisen
Subject: 330 Economics
Abstract: In a joint initiative, the political leaders of France and Germany have proposed to set up a EUR 500 billion fund to support the recovery of the EU economy from the COVID-19 recession. The Recovery Fund (RF)shall be financed through the issuance of bonds by the European Commission. Repayments will be made from the EU budget. The money is to be used to support sectors and regions particularly affected by the negative economic consequences of the pandemic. This expertise sheds light on the direction and magnitude of the resulting net-payments through the Fund. It provides simulations on the spending and refinancing side.

Das Dokument wird vom Publikationsserver der Universitätsbibliothek Mannheim bereitgestellt.

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