"The COVID-19 Bazooka for jobs in Europe"

From Luis Garicano whose Twitter mini-bio says:

Eurodiputado/MEP. VP Renew Europe group/Renovar Europa. VP Alde Party, 
Head of delegation, Ciudadanos. Prev. Full Prof. Econ. UChicago, LSE.

Seems to have a problem holding onto a job.
(just kidding Professor)

How can we “freeze” our economies for 3-6 months and ensure that they come out of the freezer where they are now. My full proposal for a European response (forthcoming on Wedn in a VoxEU ebook) and an explanation [Thread] /1 https://t.co/w3GogFMskM

— Luis Garicano (@lugaricano) March 16, 2020

 

Time is of the essence. Economists are circulating thoughtful pieces that however involve tools which would take months or years to set up, or ideas that involve the ECB acting outside its mandate. I propose a "European Bazooka" that is feasible and timely. /3

— Luis Garicano (@lugaricano) March 16, 2020

  

And again, the seven page PDF on Google Drive.

HT: Marginal Revolution