Meyermans investigates how automatic fiscal stabilisers affect economic activity in the euro area. To this end he applies different shocks to an econometric model of the world economy (NIME) developed at the Belgian Federal Planning Bureau. He compares the adjustment path of the main...

This paper examines the impact of the COVID-19 pandemic on gross fixed capital formation across the euro area. The empirical analysis suggests that the intensity of the lockdown measures to contain the spread of the virus and the country-specific structure of the economy along with other...