Deglobalisation Post COVID-19 Could Spell Trouble for the European Monetary Union
LSE Business Review, July 2020
5 Pages Posted: 20 Jul 2020 Last revised: 24 Feb 2021
Date Written: July 1, 2020
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: Suggested Citation