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The COVID Health Crisis and the Fiscal and Monetary Policies in the Euro Area

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  • Jesus Ferreiro
  • Felipe Serrano

Abstract

This paper explains the economic policy developed in the euro area to manage the economic effects induced by the COVID health crisis. First, an overview of developments in the euro area is presented. It then explains the fiscal decisions taken by member countries, as well as the monetary policy pursued by the European Central Bank. The final part reflects on the advisability of abandoning the fiscal rules that limit the fiscal capacity of states in order to favor economic recovery once the health crisis has been overcome.

Suggested Citation

  • Jesus Ferreiro & Felipe Serrano, 2021. "The COVID Health Crisis and the Fiscal and Monetary Policies in the Euro Area," International Journal of Political Economy, Taylor & Francis Journals, vol. 50(3), pages 212-225, July.
    • Handle: RePEc:mes:ijpoec:v:50:y:2021:i:3:p:212-225
    DOI: 10.1080/08911916.2021.1984730
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    Cited by:

    1. Sorin-Ciprian Teiusan & Dorina Plescaci, 2022. "An Insight Into Research Of Tax And Fiscal Policy In Response To Covid-19 Crisis," Annals - Economy Series, Constantin Brancusi University, Faculty of Economics, vol. 2, pages 37-47, April.
    2. Kaya, Orcun, 2022. "Determinants and consequences of SME insolvency risk during the pandemic," Economic Modelling, Elsevier, vol. 115(C).

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