Public borrowing in times of COVID: lessons from post-WWII France

A guest article by Benjamin Lemoine (@benjlemoine), Researcher at the CNRS, Institute for Interdisciplinary Research in Social Sciences (IRISSO), University Paris Dauphine, Paris Sciences et Lettres (PSL) The economic and fiscal consequences of COVID-19 are unprecedented in peacetime. They have overwhelmed old dogmas, even Germany’s “Schwarze Null” (balanced budget) and its “Schuldenbremse” (debt brake). Nevertheless, one crucial, yet mistaken, dogma … Read More