of new coronavirus (COVID-19) pandemic. We focus on monetary, microprudential and macroprudential policies designed …

This paper provides novel information on the propagation of the pandemic-induced real shock to firms' financial … higher indebtedness and, hence, less capacity to deal with a liquidity shock. Conditional on these factors, firm size does …

This paper analyses the effects of the COVID-19 pandemic shock on small open economies in a monetary union with an … focus on the size and the direction of international spillovers - both from the shock itself and from the ensuing fiscal …

Recent research has argued that the COVID-19 shock has also brought about a reallocation shock. We examine the evidence …-section, or when broken down by firms’ size. We then examine whether mismatch unemployment has risen as a result of the pandemic … driving the elevated unemployment rate. Finally, we employ a novel Bayesian SVAR framework with sign restrictions to identify …

In response to the coronavirus (Covid-19) pandemic, there has been a complementary approach to monetary and fiscal …