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The ECB monetary policy response to the Covid-19 crisis

Pablo Aguilar (), Óscar Arce (), Samuel Hurtado (), Jaime Martinez-Martin (), Galo Nuño Barrau () and Carlos Thomas ()
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Óscar Arce: Banco de España

No 2026, Occasional Papers from Banco de España

Abstract: The ECB has responded forcefully to the challenges posed by the COVID-19 crisis for the euro area economy. This paper reviews the different monetary policy measures adopted by the ECB since the COVID-19 outbreak and explains their rationale. It also looks at several analyses of the impact of some of the main measures on both the Spanish economy and that of the euro area as a whole.

Keywords: European Central Bank; asset purchases; refinancing operations (search for similar items in EconPapers)
JEL-codes: E44 E52 E58 (search for similar items in EconPapers)
Pages: 28 pages
Date: 2020-10
New Economics Papers: this item is included in nep-cba, nep-mac and nep-mon
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Downloads: (external link) ... 20/Files/do2026e.pdf First version, October 2020 (application/pdf) ... s/20/Fich/do2026.pdf Spanish version (application/pdf)

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