THE STATE

Corona Workshop Video: Fiscal Policy – Will the Trillions be enough?

Robin Brooks, Frank van Lerven, Antonella Stirati and Shahin Valleé discuss the fiscal capacities of countries hit by the corona virus and lay out what needs to be done next.

BY

THORE BECKMANN

PUBLISHED

4. MAY 2020

Governments have introduced unparalleled temporary fiscal support for firms and households. But economies are likely to require high levels of state support for some time to come. How should governments finance this and how can they ensure it boosts fairness and economic resilience?

Speaker:

Robin Brooks, Institute of International Finance
Frank van Lerven, New Economics Foundation
Antonella Stirati, Roma Tre University
Shahin Vallée, German Council on Foreign Relations

PREVIOUS ARTICLE Central banks to the rescue? Is this the time for helicopter money?
NEXT ARTICLE German Constitutional Council confuses Europe

ABOUT THE STATE

KNOWLEDGE BASE

For decades, there was a consensus that reducing the role of the state and cutting public debt would generate wealth. This contributed to a chronic underinvestment in education and public infrastructure. New research focuses on establishing when and how governments need to intervene to better contribute to long-term prosperity and to stabilize rather than aggravate economic fluctuations.

ARTICLE OVERVIEW