We decompose euro area sovereign bond yields into five distinct components: i) expected future short-term risk …-free rates and a term premium, ii) default risk premium, iii) redenomination risk premium, iv) liquidity risk premium, and a v … announcements during the Covid-19 pandemic recession. We find that both monetary and fiscal policy announcements had a pronounced …

This paper provides novel information on the propagation of the pandemic-induced real shock to firms' financial …

This paper analyses the effects of the COVID-19 pandemic shock on small open economies in a monetary union with an … COVID-19 pandemic. The main messages are as follows. First, fiscal spillovers from the rest of the monetary union do matter …

the COVID-19 pandemic. By leveraging confidential supervisory and credit register data, we uncover two main findings … banks with a low capital headroom over requirements and do not trigger additional risk-taking. These findings provide key …

and addresses data issues associated with the COVID-19 pandemic. The estimated output gap lines up well with the CEPR …

of new coronavirus (COVID-19) pandemic. We focus on monetary, microprudential and macroprudential policies designed … with the pandemic response measures, banks' ability to supply credit would have been severely affected. The results also … investigate the potential real effects of the joint pandemic response measures by estimating the adjustment in labour input …

extreme observations, for instance those produced by the COVID-19 pandemic of 2020. This is due to their flexibility and …

This paper studies the macroeconomic consequences of the COVID-19 pandemic and makes a first step in adapting the … targeted confinement policies. By comparison, a "laissez-faire" approach to the pandemic emergency can even inflict in some …) crucially depend on the magnitude and persistence of the supply-side retrenchment, as well as on the risk of macro …

COVID-19 pandemic …

of both price increases and price decreases. In the first year of the pandemic, the frequency of price adjustments …