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The euro area capital stock since the beginning of the COVID-19 pandemic

Author

Listed:
  • Le Roux, Julien

Abstract

This box examines developments in the euro area stock of capital, discusses how investment and depreciation rates have affected the capital stock in different directions, and reviews the varying impacts of the crisis across assets. The sharp decline in activity stemming from the pandemic and the associated containment measures has so far not translated into a sharp decline in the euro area capital stock. JEL Classification: E22, E23, E32, O11, O40

Suggested Citation

  • Le Roux, Julien, 2021. "The euro area capital stock since the beginning of the COVID-19 pandemic," Economic Bulletin Boxes, European Central Bank, vol. 2.
    • Handle: RePEc:ecb:ecbbox:2021:0002:2
    Note: 3182505
    as

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    File URL: https://www.ecb.europa.eu//pub/economic-bulletin/focus/2021/html/ecb.ebbox202102_02~79710cb696.en.html
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    Citations

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    Cited by:

    1. Tomoyuki Yagi & Kakuho Furukawa & Jouchi Nakajima, 2022. "Productivity Trends in Japan - Reviewing Recent Facts and the Prospects for the Post-COVID-19 Era -," Bank of Japan Working Paper Series 22-E-10, Bank of Japan.

    More about this item

    Keywords

    COVID-19; depreciation; investment; Stock of capital;
    All these keywords.

    JEL classification:

    • E22 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Investment; Capital; Intangible Capital; Capacity
    • E23 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Production
    • E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles
    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
    • O40 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General

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