Economic Impacts of the Recovery and Resilience Facility: New Insights at Sectoral Level and the Case of Germany
Anne Michels, Daria Ciriaci, José Manuel Rueda-Cantuche, Luis Pedauga, Valeria Ferreira, Christina Kattami, Daniel Schulz and Marta Pilati
European Economy Discussion Papers #221, May 2025
The Recovery and Resilience Facility (RRF) is the cornerstone of NextGenerationEU, the EU’s post-covid Recovery Plan. With a budget of EUR 650 billion, amounting to around 4% of the EU GDP, the RRF finances over 2,800 reform and investment measures aross the EU from 2020 to 2026. To date, most studies on the RRF have focused on the broad macro-economic picture or on specific policy domains and country experiences. This paper introduces a novel approach to enhance the understanding of the RRF.