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

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

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.

• Item Type: MPRA Paper
• Language: English
• Keywords: Covid shock, new macroeconomic landscape, public debt, global inflation
• Subjects: E - Macroeconomics and Monetary Economics > E2 - Consumption, Saving, Production, Investment, Labor Markets, and Informal Economy; E - Macroeconomics and Monetary Economics > E3 - Prices, Business Fluctuations, and Cycles; E - Macroeconomics and Monetary Economics > E4 - Money and Interest Rates; E - Macroeconomics and Monetary Economics > E5 - Monetary Policy, Central Banking, and the Supply of Money and Credit; E - Macroeconomics and Monetary Economics > E6 - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook; F - International Economics > F3 - International Finance; F - International Economics > F6 - Economic Impacts of Globalization

References

Altavilla, Carlo, Barbiero, Francesca, Boucinha, Miguel and Burlon, Lorenzo, 2023. The Great Lockdown: Pandemic Response Policies and Bank Lending Conditions. European Economic Review, Special Issue “The Covid Shock and the New Macroeconomic Landscape: Taking Stock and Looking Ahead”.

Archanskaia, Liza, Canton, Erik, Hobza, Alexandr, Nikolov, Plamen and Simons, Wouter, 2023. The Asymmetric Impact of COVID-19: A Novel Approach to Quantifying Financial Distress across Industries. European Economic Review, Special Issue “The Covid Shock and the New Macroeconomic Landscape: Taking Stock and Looking Ahead”.

Ascari, Guido, Colciago, Andrea and Silvestrini, Riccardo, 2023. Business Dynamism, Sectoral Reallocation and Productivity in a Pandemic. European Economic Review, Special Issue “The Covid Shock and the New Macroeconomic Landscape: Taking Stock and Looking Ahead”.

Benmir, Ghassane, Jaccard, Ivan and Vermandel, Gauthier, 2023. Optimal Monetary Policy in an Estimated SIR Model. European Economic Review, Special Issue “The Covid Shock and the New Macroeconomic Landscape: Taking Stock and Looking Ahead”.

Bergant, Katharina and Forbes, Kristin, 2023. Policy Packages and Policy Space: Lessons from COVID-19. European Economic Review, Special Issue “The Covid Shock and the New Macroeconomic Landscape: Taking Stock and Looking Ahead”.

Bi, Huixin and Traum, Nora, 2023. Unconventional Monetary Policy and Local Fiscal Policy. European Economic Review, Special Issue “The Covid Shock and the New Macroeconomic Landscape: Taking Stock and Looking Ahead”.

Cardani, Roberta, Pfeiffer, Philipp, Ratto, Marco and Vogel, Lukas, 2023. The COVID Crisis on Both Sides of the Atlantic. European Economic Review, Special Issue “The Covid Shock and the New Macroeconomic Landscape: Taking Stock and Looking Ahead”.

Cardamone, Dario, Sims, Eric and Wu, Jing Cynthia, 2023. Wall Street QE vs. Main Street Lending. European Economic Review, Special Issue “The Covid Shock and the New Macroeconomic Landscape: Taking Stock and Looking Ahead”.

Davis, Scott and Zlate, Andrei, 2023. The Global Financial Cycle and Capital Flows During the COVID-19 Pandemic. European Economic Review, Special Issue “The Covid Shock and the New Macroeconomic Landscape: Taking Stock and Looking Ahead”.

Garcia-Cabo Herrero, Joaquin, Lipinski, Anna and Navarro, Gaston, 2023. Sectoral Shocks, Reallocation, and Labor Market Policies. European Economic Review, Special Issue “The Covid Shock and the New Macroeconomic Landscape: Taking Stock and Looking Ahead”.

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