The Macroeconomic Impact of the Next Generation EU Instrument on the Euro Area

Bańkowski, Krzysztof; Ferdinandusse, Marien; Hauptmeier, Sebastian; Jacquinot, Pascal; Valenta, Vilém

doi:10.2139/ssrn.3797126

Cited by 22 publications

(14 citation statements)

References 5 publications

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“…Indeed, considering waste as a resource is mandatory to preserve human and environmental health, though, at the same time, it can provide a great opportunity for economic and technological growth . Thus, worldwide, governments have been providing economic support for this transition through effective policies of intervention . At the same time, the design and exploitation of more sustainable products, with a low impact on health and environment, have been attracting increasing interest from the scientific community.…”

Section: Introductionmentioning

confidence: 99%

“…3 Thus, worldwide, governments have been providing economic support for this transition through effective policies of intervention. 4 At the same time, the design and exploitation of more sustainable products, with a low impact on health and environment, have been attracting increasing interest from the scientific community. Recently, a huge production of biowastes has been recorded because of the human activities spanning from households to industrial applications, including food processing and biorefinery.…”

Section: Introductionmentioning

confidence: 99%

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Detailed Thermal, Fire, and Mechanical Study of Silicon-Modified Epoxy Resin Containing Humic Acid and Other Additives

Venezia

Matta

Lehner

et al. 2021

ACS Appl. Polym. Mater.

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Following a waste-to-wealth approach, humic acid (HA) was exploited as a flame retardant additive. The effect of its addition alone and in combination with urea (UR) and ammonium polyphosphate (APP) on the thermal, fire, and mechanical performances of a bisphenol A diglycidyl ether (DGEBA)-based epoxy resin modified with (3-aminopropyl)-triethoxysilane (AP) and cured with aliphatic isophoronediamine (IDA) has been investigated. Unlike in previous studies, a UL 94-V-0 classification was achieved for epoxy resin containing HA at 6 wt % and APP at only 1 wt % phosphorus (P) loading. The presence of silicon-modified epoxy chains ameliorated the distribution of the biowaste within the resin, and the addition of HA alone avoided melt dripping. Besides, APP and UR promoted a remarkable reduction (up to 52%) of the peak heat release rate (pHRR) values and a significant delay (up to 21%) of the time to ignition in cone calorimetry tests, and hence an increase (up to 1.8 min) of the time to flashover, without any detrimental effect on the overall mechanical behavior. The evolved gas, thermal, and fire analysis was used to propose the combined mode of action of HA, UR, APP, and silicon in the fire performance improvement of the hybrid epoxy system.

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Section: Introductionmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

Detailed Thermal, Fire, and Mechanical Study of Silicon-Modified Epoxy Resin Containing Humic Acid and Other Additives

Venezia

Matta

Lehner

et al. 2021

ACS Appl. Polym. Mater.

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“…Variable b t is the existing public debt to GDP ratio at time t, consequently the term (i t − g t )b t is the growth-adjusted service on the debt as a ratio of GDP. Our model extended Domar, Arestis and Sawyer, and Hein and Detzer [1,55,56].…”

Section: The Dynamics Of the Public Debt-to-gdp Ratiomentioning

confidence: 90%

COVID-19, Economic Policies and Public Debt Sustainability in Italy

2022

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We analyze the conditions for public debt-to-GDP ratio stability extending the Domar’s approach by including the interaction between the government’s reaction function and the private sector’s reaction function, and considering the impact of 2020–2021 pandemic shock and the monetary and fiscal policy responses, with simulations applied to the Italian case. The outcomes of the numerical simulations show the crucial importance of ECB extraordinary monetary policies, of the NGEU and, to lesser extent, of national expansionary fiscal policies adopted during pandemic shock; both European wide monetary and fiscal policies actually increase the sustainability area avoiding the high risk of sovereign debt crisis in Italy (and other peripheral Eurozone countries). The stabilizing effect of GDP growth, hopefully resulting from the NGEU policy, is also simulated in the paper.

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“…For the grants allocated in 2023 (around 30% of total), the average unemployment rate is replaced by the GDP losses in 2020 (15%) and over 2020-21 on a cumulative basis (15%), as projected by the 5 Previous work by ECB staff shows the expected macroeconomic impact of several stylised scenarios, including the use of NGEU loans and grants for (i) productive public investment, (ii) unproductive government spending, and (iii) replacing or repaying existing sovereign debt. See Bańkowski et al (2021). See also Watzka and Watt (2020) and Pfeiffer et al (2021).…”

Section: Main Featuresmentioning

confidence: 96%