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The Sound of Economics Live: The macroeconomic policy response to the COVID-19 crisis

Which macroeconomic policy response is the best option to deal with the crisis currently unfolding and will ensure that the recovery will be as quick as possible?

Date: March 31, 2020, 1:00 pm Topic: Macroeconomic policy

video recording

The COVID-19 pandemic intensifies, and Europe has become one of its epicentres. This represents an unprecedented challenge for Europe’s healthcare systems and a major shock for the continent’s economy. The ECB, national fiscal authorities, and the European Commission have already started to announce plans to support the economy and avoid the current crisis turning into a depression. However, given the severity of the situation, some voices are raised among EU countries in support of a common and significant European response to deal with crisis.

Many options are currently discussed in policy and academic circles: ESM credit lines, ‘corona-bonds’, a euro-area Treasury, as well as joint expenditures. What is the best option to deal with the crisis currently unfolding and ensure that the recovery will be as quick as possible?

More information about the topic can be found in our recent blog post.

Speakers

Grégory Claeys

Senior Fellow

Giuseppe Porcaro

Head of Outreach, Governance & HR

Lucrezia Reichlin

Professor of Economics at London Business School

Guntram B. Wolff

Former Director

Location & Contact

Bruegel, Rue de la Charité 33, 1210 Brussels

Katja Knezevic

[email protected]

COVID-19 european central bank European Stability Mechanism fiscal policy Monetary policy

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