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The economic impact of next generation EU : a euro area perspective

Bańkowski, Krzysztof; Bouabdallah, Othman; Semeano, … - 2022

This paper assesses the potential economic impact of Next Generation EU (NGEU), focusing on the euro area. Its findings … pandemic-induced crisis and longer-term modernisation of the euro area economy through their digital and green transitions …, fiscal stimulus and risk premium. Overall, NGEU may increase gross domestic product (GDP) in the euro area by up to 1.5% by …

Persistent link: https://www.econbiz.de/10013188827

Enhancing climate resilience of monetary policy implementation in the euro area

Aubrechtová, Jana; Heinle, Elke; Moyà Porcel, Rafel; … - 2023

Central banks around the world are increasingly monitoring climate change risks and how these affect their balance sheets and their monetary policy transmission. The European Central Bank (ECB) extensively reviewed its monetary policy implementation framework in 2020-21 to better account also...

Persistent link: https://www.econbiz.de/10014303237

The impact of the COVID-19 pandemic and policy support on productivity : a report of the ESCB Expert Group on productivity, innovation and technological change

Anastasatu, Marianthē; Anyfantaki, Sofia; Benkovskis, … - 2024

This paper studies the short-term and long-term consequences of the COVID-19 pandemic for productivity in Europe. Aggregate and sectoral evidence is complemented by firm-level data-based findings obtained from a large microdistributed exercise. Productivity trends during the COVID-19 pandemic...

Persistent link: https://www.econbiz.de/10014480010