{"id":8349,"date":"2020-07-09T08:38:48","date_gmt":"2020-07-09T07:38:48","guid":{"rendered":"http:\/\/www.economicsobservatory.com\/ongoing-research\/debt-sharing-after-covid-19-how-the-direct-involvement-of-eu-institutions-impacts-the-recovery-path-of-a-member-state"},"modified":"2020-07-09T08:38:48","modified_gmt":"2020-07-09T07:38:48","slug":"debt-sharing-after-covid-19-how-the-direct-involvement-of-eu-institutions-impacts-the-recovery-path-of-a-member-state","status":"publish","type":"ongoing-research","link":"https:\/\/www.economicsobservatory.com\/test\/ongoing-research\/debt-sharing-after-covid-19-how-the-direct-involvement-of-eu-institutions-impacts-the-recovery-path-of-a-member-state","title":{"rendered":"Debt sharing after Covid-19: how the direct involvement of EU institutions impacts the recovery path of a member state."},"content":{"rendered":"

The substantial risk to public health posed by the emergence of Covid-19 has resulted in many European Governments taking unprecedented action to arrest the spread of the virus. Administrative closures across a number of economies has resulted in a complete cessation of certain types of economic activity, a significant increase in unemployment and likely profound consequences for the public finances of the countries in question. In this paper we use a recently developed DSGE model to estimate the impact of these closures on the Irish economy. We also examine the implications of a greater involvement by EU institutions in the sharing of sovereign debt on the recovery path of the Irish economy.<\/p>\n

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