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Parliamentary Testimony

Monetary Policy in the times of corona: many unknown unknowns

Testimony to the European Parliament on monetary policy.

By: and Date: December 21, 2020 Topic: European Macroeconomics & Governance

On October 26th 2020, Bruegel deputy director Maria Demertzis and research analyst Marta Domínguez-Jiménez presented their testimony before the Committee on Economic and Monetary Affairs (ECON) of the European Parliament, on the subject of monetary policy in the times of corona.

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The 2020 pandemic economic shock has led to reassessment of fiscal policy measures in 2018 and earlier, because of faulty measurement of unobserved output gaps and structural balances. The current period of suspension of EU fiscal rules should be used to design a better fiscal framework.

By: Zsolt Darvas Topic: European Macroeconomics & Governance Date: January 5, 2021
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By: Alicia García-Herrero Topic: Global Economics & Governance Date: January 4, 2021
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A recovery from the COVID-19 recession is underway though the suffering is far from over, especially for the most vulnerable. Inequality is both a consequence of the pandemic and a cause of its severity. Many countries need comprehensive policy change to address its worst effects.

By: Uri Dadush Topic: Global Economics & Governance Date: December 23, 2020
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