The economic characteristics of the COVID-19 crisis differ from those of previous crises. It is a combination of demand- and supply-side constraints which led to the formation of a monetary overhang that will be unfrozen once the pandemic ends. Monetary policy must take this effect into consider...
This factsheet presents lessons learned from the COVID-19 pandemic and how these lessons translate into concrete Commission proposals towards an EU Health Union....
NextGenerationEU is a temporary recovery instrument which can raise up to €750 billion in 2018 prices or some €800 billion in current prices through bond issuance. It is at the heart of the European Union (EU) response to the coronavirus crisis and aims to support the economic recovery and build...
‘Uncertainty’: This is the emotional status most commonly shared by European citizens during the Covid-19 pandemic. While 50% of respondents stated uncertainty best describes their mood, ‘hope’ already comes in second place with 41% of respondents across the 21 countries surveyed citing this fee...
The COVID-19 recession is different from previous downturns because it originates in demand and supply disturbances which are highly specific to certain sectors (contact-intensive services). This sectoral nature renders aggregate demand policies, including monetary policy, much less effective. T...
In response to the unprecedented shock brought by the COVID-19 pandemic, the European Central Bank (ECB) has deployed a massive package of monetary policy stimulus to safeguard the monetary policy transmission mechanism and keep the euro area economy afloat. As part of this package, the ECB has ...
Our flagship report highlights the European Investment Bank’s key contribution to combatting the COVID-19, climate change and development challenges that dominated 2020. It tells the stories of our crisis solutions....
China has sought to demonstrate that its authoritarian political system has been more efficient at dealing with the coronavirus crisis than Western liberal democratic systems. This Brief examines the validity of this hypothesis, and concludes that pre-dispositional factors – notably the demograp...
On the afternoon of August 4th 2020, two massive explosions devastated the port of Beirut and the surrounding area. DG ECHO immediately activated Copernicus Rapid and Risk & Recovery Mapping services, whose first product, based on Earth Observation (EO) data, was made available about 30h after t...