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Pandemic central banking: the monetary stance, market stabilisation and liquidity

Summary:
Philip Lane, chief economist and Board Member ECB in this speech reviews ECB’s policy during the crisis. In my recent blog post, I described the range of scenarios that have been developed by ECB staff to support the analysis of the near-term and medium-term macroeconomic dynamics in the context of the coronavirus (COVID-19) crisis.[1],[2] I also explained the current monetary policy of the ECB and outlined our approach to setting the future course of monetary policy. My remarks today aim to reinforce these points by presenting some additional empirical evidence. Lots of graphs and data in the speech. One could just use similar data for other countries to evaluate macro trends and policy responses. This entry was posted on May 29,

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Philip Lane, chief economist and Board Member ECB in this speech reviews ECB’s policy during the crisis.

In my recent blog post, I described the range of scenarios that have been developed by ECB staff to support the analysis of the near-term and medium-term macroeconomic dynamics in the context of the coronavirus (COVID-19) crisis.[1],[2] I also explained the current monetary policy of the ECB and outlined our approach to setting the future course of monetary policy. My remarks today aim to reinforce these points by presenting some additional empirical evidence.

Lots of graphs and data in the speech. One could just use similar data for other countries to evaluate macro trends and policy responses.

Amol Agrawal
I am currently pursuing my PhD in economics. I have work-ex of nearly 10 years with most of those years spent figuring economic research in Mumbai’s financial sector.

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