Deglobalisation Post COVID-19 Could Spell Trouble for the European Monetary Union

5 Pages Posted: 20 Jul 2020 Last revised: 16 Nov 2020

See all articles by Akvile Bertasiute

Akvile Bertasiute

National Audit Office of Lithuania - Budget Policy Monitoring Department

Domenico Massaro

Catholic University of Milan; University of Amsterdam - CeNDEF

Matthias Weber

University of St. Gallen - School of Finance

Date Written: July 1, 2020

Abstract

Less economic integration would make it difficult for the ECB to stabilise the euro area economies. Symmetric monetary policy cannot do anything about this and individual countries would need to use fiscal policy tools.

Keywords: COVID-19, Coronavirus, Deglobalization, economic integration, monetary policy, fiscal policy, behavioral macroeconomics

JEL Classification: E32, E37, E52, E62, E71, F45

Suggested Citation

Bertasiute, Akvile and Massaro, Domenico and Weber, Matthias, Deglobalisation Post COVID-19 Could Spell Trouble for the European Monetary Union (July 1, 2020). LSE Business Review, University of St.Gallen, School of Finance Research Paper No. 2020/07, Available at SSRN: https://ssrn.com/abstract=3640306 or http://dx.doi.org/10.2139/ssrn.3640306

Akvile Bertasiute

National Audit Office of Lithuania - Budget Policy Monitoring Department ( email )

Vilnius, 01113
Lithuania

Domenico Massaro

Catholic University of Milan ( email )

Largo Gemelli, 1
Via Necchi 9
Milan, MI 20123
Italy

University of Amsterdam - CeNDEF ( email )

Roetersstraat 11
Amsterdam, 1018 WB
Netherlands

Matthias Weber (Contact Author)

University of St. Gallen - School of Finance ( email )

Unterer Graben 21
St.Gallen, CH-9000
Switzerland

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