Spillover Effects From Next Generation EU by Oliver Picek

“…Abstract In July 2020, the European Commission announced its €750 billion package to revive the postpandemic European economy, Next Generation EU. The programme comprises a number of loans and grants that will be funded by taking out European debt. …”
Get full text

Next Generation EU: A Large Common Response to the COVID-19 Crisis by Cinzia Alcidi, Daniel Gros

Get full text

The Portuguese Dilemma of Unstable Pensions by Friedrich L. Sell

“…This article addresses the underlying economic and political reasons, such as poor labour productivity, low real wages, insufficient immigration of trained people and the failure to find alternative ways of financing retirement. NextGenerationEU will effectively soften Portugal’s macroeconomic budget constraints, but it carries the risk of further postponement of necessary policy changes and reforms.…”
Get full text

Debt Relief as a Last Resort for the Lender of Last Resort? by Arne Hansen, Dirk Meyer

“…While the Pandemic Emergency Purchase Programme, which is designed as a monetary policy instrument, is regarded by some as a violation of the prohibition of monetary financing, the Next Generation EU recovery fund is likely to direct the fundamental structures of the European Union towards a fiscal union with considerable redistribution elements. …”
Get full text

ON EUROPEAN UNION ECONOMIC GROWTH: IS COHESION POLICY STILL RELEVANT? by Cătălin Marian COSTACHE, Marcel Ioan BOLOȘ

“…But new circumstances require new approaches. NextGenerationEU RRF has risen to be an adapted instrument to a multitude of crises with a performance mechanism that sees reforms performed at the same time with investments. …”
Get full text

Monetary‐Fiscal Interactions and the Problem of Outdated Commitments: Eurozone Crisis Versus Covid‐19 by Sebastian Diessner, Philipp Genschel

“…The European Central Bank’s main contribution to safeguarding the Eurozone in 2012 and 2020 has not been to enforce but to relax the monetary financing prohibition of the Treaty, and the Council’s main contribution in 2020 was not to double down on the no bail-out clause but to re-commit to risk-sharing and burden-sharing through the NextGenerationEU programme. We argue and show that economic governance in Europe has progressed through three stages of commitment. …”
Get full text

INTEGRATION OF UKRAINIAN CHILDREN AND YOUTH USING DIGITAL TOOLS IN THE EDUCATIONAL ENVIRONMENT OF SLOVAKIA by Nelly Nychkalo, Nataliia Muranova, Olena Voliarska, Maria Matulcikova

“…The article was funded by Next Generation EU through the Recovery and Resilience Plan for Slovakia under the project No. 09I03-03-V01-00058. …”
Get full text

Longitudinal immunogenicity cohort study of SARS-CoV-2 mRNA vaccines across individuals with different immunocompromising conditions: heterogeneity in the immune response and cruci... by Annalisa Ciabattini, Elena Pettini, Fabio Fiorino, Jacopo Polvere, Simone Lucchesi, Chiara Coppola, Simone Costagli, Gabiria Pastore, Anna Sicuranza, Monica Tozzi, Arianna Lippi, Francesca Panza, Monica Bocchia, Alessandro Bucalossi, Guido Garosi, David Bennett, Sonia Bernazzali, Massimiliano Fabbiani, Francesca Montagnani, Donata Medaglini

“…Funding: This work was supported by funds from the Department of Medical Biotechnologies of the University of Siena, and from EU within the NextGenerationEU-MUR PNRR Tuscany Health Ecosystem (Project no ECS00000017-THE).…”
Get full text