The ECB’s monetary policy response to COVID-19

Article published in the Economic Review of September 2020
July 2020
Boeckx, J. / Deroose, M. / Vincent, E.

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.

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From 2019 onwards, the articles from the Economic Review are published in French and Dutch in the form of digests, their full version being available only in English.