Financial Stability Analyst at the ECB 🇪🇺 and PhD candidate at the University of Amsterdam 🇳🇱
Nov 29, 2021 • 19 tweets • 4 min read
While we learn more about omicron, let me tell you about a benefit of making the #NGEU recovery plan, including common debt, a permanent feature of the EU A🧵based on my #JMP
“The Safety Demand and Common Fiscal Policy in a Monetary Union”
#econtwitter
Three observations: 1) there is a large, steady, and inelastic safety demand 2) a sudden loss of safe assets played a key role in recent crises 3) only since Covid-19 there is a 'temporary' agreement over shared fiscal responsibilities in the EU, including common debt
Mar 18, 2020 • 10 tweets • 3 min read
Hi #econtwitter! Here a 10-tweet thread on #Eurobonds. It seems (I hope) that the Corona virus finally has tilted the scales in favor of the introduction of a Eurobond (or #Coronabond). A start to a permanent common safe asset? (1/n)
The Euro is unique in many ways, among which as a currency without a safe asset that spans the currency area. For a long time there have been economist arguing for the joined issuance of a Eurobond. Why? (2/n)
