COVID-19 and economic policy toward the new normal: a monetary-fiscal nexus after the crisis?
EP - Brussels
2020
33 p.
epidemic disease ; European Union ; EU policy ; monetary policy ; fiscal policy
In-depth analysis
November 2020
European Union
https://www.europarl.europa.eu/RegData/etudes/IDAN/2020/658193/IPOL_IDA(2020)658193_EN.pdf
English
Charts
"Current developments during the COVID-19 pandemic involve strongly complementary monetary and fiscal policy, but both as responses to COVID-19 and not the outcome of an emergent monetary-fiscal nexus. Therefore, the ECB maintains its independence by using unconventional monetary policy measures to reach price stability, according to its mandate. This document was provided by the Policy Department for Economic, Scientific and Quality of Life Policies at the request of the Committee on Economic and Monetary Affairs (ECON) ahead of the Monetary Dialogue with the ECB President on 19 November 2020."
Digital
ISBN (PDF) : 978-92-846-7445-9
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