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We estimate the impact of fiscal measures adopted in response to the COVID-19 crisis at the euro area level, combining standard macroeconomic data with an index on the strictness of ‘lockdown style’ policies. Given the multitude of shocks occurred simultaneously during the pandemic, the...
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lessons learned in the global financial crises and the Eurozone debt crises, there's an increasing role of macroprudential …
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the inflation–unemployment dynamics during the recession and COVID-19 times in India and the UK. Using a generalized … recession and eventually turn to stagflation in India due to inflation caused by the weak supply side. However, in the UK, the …
Persistent link: https://www.econbiz.de/10012547953
The COVID-19 pandemic had disastrous effects on health and economic activity worldwide, including in the Euro Area. The application of mandatory lockdowns contributed to a sharp fall in production and a rise in unemployment, inducing an expansionary fiscal and monetary response. Using a uniquely...
Persistent link: https://www.econbiz.de/10013541792
The COVID-19 pandemic had disastrous effects on health and economic activity worldwide, including in the Euro Area. The application of mandatory lockdowns contributed to a sharp fall in production and a rise in unemployment, inducing an expansionary fiscal and monetary response. Using a uniquely...
Persistent link: https://www.econbiz.de/10013455597
the Eurozone Crisis -- Chapter 5. Monetary Policy Crisis in the Eurozone -- Chapter 6. A Critical Assessment of the Euro … that followed. It further emphasises the asymmetries in the transmission of monetary policy in the Eurozone economies and … account in forming expectations about future inflation and spending. It will be useful to central banking practitioners …
Persistent link: https://www.econbiz.de/10014375093
a while. However, inflation-despite increasing significantly in recent months due to transitory factors-is projected to … moderate during 2022 and remain below the ECB's inflation target over the medium term. Uncertainty surrounding the outlook …
Persistent link: https://www.econbiz.de/10013169107