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

Kollmann, Robert and Roeger, Werner (2022): The Covid Shock and the New Macroeconomic Landscape: Taking Stock and Looking Ahead. Forthcoming in: European Economic Review (2023)

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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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