Sommarju :
The COVID-19 pandemic has fuelled a significant or even, according to some measures, unprecedented increase in economic uncertainty. For central banks, such uncertainty makes effective calibration of monetary policy challenging. Four papers were prepared by the ECON Committee’s Monetary Expert Panel, presenting the different measures used as proxies of uncertainty and evaluating the effects of the current pandemic-induced uncertainty on economic outcomes in the euro area, in particular on inflation.
This publication is prepared by Policy Department A for the Committee on Economic and Monetary Affairs (ECON), ahead of the Monetary Dialogue with ECB President Lagarde on 19 November 2020.
Awturi :
Maria Demertzis, Marta DOMINGUEZ-JIMENEZ, Pierpaolo BENIGNO, Paolo CANOFARI, Giovanni DI BARTOLOMEO, Marcello MESSORI, Atanas PEKANOV, Stefan SCHIMAN, Christophe BLOT, Paul HUBERT and Fabien LABONDANCE