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The Covid Shock and the New Macroeconomic Landscape: Taking Stock and Looking Ahead

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  • Kollmann, Robert
  • Roeger, Werner

Abstract

The unprecedented global recession triggered by the Covid pandemic was met with a broad range of massive monetary, fiscal and financial policy interventions to support households, businesses and financial institutions. The legacy of the Covid crisis includes record public debt, a global inflation surge, and uneven productivity and employment dynamics across sectors and nations. This special issue of the European Economic Review consists of twelve papers that offer novel perspectives on the economic effects of the Covid shock, and on economic policy responses. All papers were presented at a conference held at the European Commission in Brussels on October 6-7, 2022, organized by the European Economic Review, the European Commission and the Centre for Economic Policy Research (CEPR). The guest editors of the special issue were Evi Pappa, Robert Kollmann and Werner Roeger.

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  • Kollmann, Robert & Roeger, Werner, 2022. "The Covid Shock and the New Macroeconomic Landscape: Taking Stock and Looking Ahead," MPRA Paper 118053, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:118053
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    References listed on IDEAS

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    1. Ascari, Guido & Colciago, Andrea & Silvestrini, Riccardo, 2023. "Business dynamism, sectoral reallocation and productivity in a pandemic," European Economic Review, Elsevier, vol. 156(C).
    2. Benmir, Ghassane & Jaccard, Ivan & Vermandel, Gauthier, 2023. "Optimal monetary policy in an estimated SIR model," European Economic Review, Elsevier, vol. 156(C).
    3. Bi, Huixin & Traum, Nora, 2023. "Unconventional monetary policy and local fiscal policy," European Economic Review, Elsevier, vol. 156(C).
    4. García-Cabo, Joaquín & Lipińska, Anna & Navarro, Gastón, 2023. "Sectoral shocks, reallocation, and labor market policies," European Economic Review, Elsevier, vol. 156(C).
    5. Cardamone, Dario & Sims, Eric & Wu, Jing Cynthia, 2023. "Wall Street QE vs. Main Street Lending," European Economic Review, Elsevier, vol. 156(C).
    Full references (including those not matched with items on IDEAS)

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    Keywords

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    JEL classification:

    • E2 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment
    • E3 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles
    • E4 - Macroeconomics and Monetary Economics - - Money and Interest Rates
    • E5 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit
    • E6 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook
    • F3 - International Economics - - International Finance
    • F6 - International Economics - - Economic Impacts of Globalization

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