The ECB’s monetary policy response to COVID-19

Jef Boeckx (), M. Deroose and E. Vincent
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M. Deroose: National Bank of Belgium
E. Vincent: National Bank of Belgium

Economic Review, 2020, issue ii, 37-52

Abstract: The ECB successfully calmed markets, limited fragmentation, and kept the bank lending channel intact. Looking ahead, the job is far from done as the post COVID-19 world will feature low growth and a big debt overhang.

Date: 2020
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