Adjusting Support in a K-Shaped Recovery
Análisis en profundidad
01-03-2021
As recovery from the pandemic continues, fiscal and monetary support can be reduced, at least for industry. Cliff effects are unlikely to arise under a gradual reduction of support. With financial markets in a “risk on” phase, monetary policy support becomes less relevant. The withdrawal of the various pandemic measures should not pose a risk to the recovery or to financial stability. This paper was provided by the Policy Department for Economic, Scientific and Quality of Life Policies at the request of the committee on Economic and Monetary Affairs (ECON), ahead of the Monetary Dialogue with the ECB President on 18 March 2021.
Análisis en profundidad
Autor externo
Daniel GROS, Farzaneh SHAMSFAKHR
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Palabra clave
- ASUNTOS FINANCIEROS
- ASUNTOS SOCIALES
- Banco Central Europeo
- ECONOMÍA
- economía monetaria
- enfermedad por coronavirus
- epidemia
- fiscalidad
- instituciones de la Unión Europea y función pública europea
- libre circulación de capitales
- mercado financiero
- política económica
- política económica
- política fiscal
- política monetaria
- política monetaria única
- recesión económica
- recuperación económica
- sanidad
- situación económica
- UNIÓN EUROPEA