The resulting boost to demand leads firms to hire and invest further, strengthening the economy as a whole. To be sure, every household is different, and the particular mix of assets, skills, and opportunities that each has will determine how much it is able to share in the recovery.
What could this public-private cooperation look like in practice? One option the Eurosystem is considering is known as the payment scheme approach: The  3/6  BIS - Central bankers' speeches  Eurosystem, as a public actor, would develop, in cooperation with the private sector, a common rule-based framework.