Keuschnigg, Christian; Johs, Julian; Stevens, Jacob - 2021
One of the main functions of public debt is to smooth taxes and spending over time. In the Covid crisis, the Maastricht … confronted with the task of consolidating the Covid debt. This paper explores a fiscal consolidation strategy combined with … reapingsubstantial efficiency gains and inducing strong growth, eliminates the Covid debt, protects per capita social entitlements and …