COVID-19 and the Future of Quantitative Easing in the Euro Area: Three Scenarios with a Trilemma

Luigi Bonatti (), Andrea Fracasso and Roberto Tamborini

No 2020/11, DEM Working Papers from Department of Economics and Management

Abstract: We present the set of measures that the ECB has undertaken to fight the pandemic crisis by outlining the deep impact that COVID-19 is having on economic structures, and by highlighting the differences between the current policy package and previous ECB’s programmes. Moreover, we discuss what are the challenges that await the ECB in the medium to long run, contingent on different post-COVID scenarios concerning economic growth and inflation, considering its peculiar multinational jurisdiction.

Date: 2020
New Economics Papers: this item is included in nep-cba, nep-eec and nep-mon
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