So long, credit support?
How effective have COVID-19 credit support programmes been?
COVID-19 has caused unprecedented disruption to business. Since the first lockdowns, governments have used credit support programmes as the main instrument to mitigate the liquidity shock businesses have been facing. Have the programmes worked?
Bruegel Director Guntram Wolff is joined by Bruegel’s very own Julia Anderson, Francesco Papadia and Nicolas Véron to talk about their research into credit support programmes in Europe’s five largest economies. They share their findings with us as well as possible policy implications.
Anderson, J., F. Papadia and N. Véron (2021) ‘COVID-19 credit-support programmes in Europe’s five largest economies, Working Paper 03/2021, Bruegel
Anderson J., Papadia F. and Véron N. (2020) ‘Government-guaranteed bank lending six months on’, Bruegel Blog, 29 September