US macroeconomic policy response to COVID-19

Título: US macroeconomic policy response to COVID-19
Resumen:As the COVID-19 pandemic raged, fiscal policy quickly emasculated monetary policy in part because interest rates were ultra-low and central banks could only re-activate or enhance existing interventions to cushion the financial sector blow stemming from various lockdowns in economic activity. The ECB’s response amounted to widening the scope of its interventions first introduced in response to the euro area sovereign debt crisis. On the fiscal side, and beyond the individual country responses to the economic impact from the spread of the virus, the EU eventually agreed to a novel common response which, if fully implemented, may well be transformative though, as this is written, the promise also risks falling short of expectations.
Fecha publicación: 13-07-2021
Autor: Bozou, Caroline ; Wyplosz, Charles ; Bonatti, Luigi ; Tamborini, Roberto ; Blot, Christophe ; Fracasso, Andrea ; Creel, Jérôme ; Siklos, Pierre L ; Whelan, Karl; Dirección General de Políticas Interiores de la Unión
ISBN / ISSN: 978-92-846-8219-5
Link: https://bit.ly/36w7JP8
Palabras clave: consecuencia económica , enfermedad por coronavirus , Estados Unidos , macroeconomía , mercado financiero , política monetaria , zona euro
Keywords: coronavirus disease , economic consequence , euro area , financial market , macroeconomics , monetary policy , United States