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Most of the short-run decline in consumption during the first wave was a voluntary response to the health risks. →

Most of the short-run decline in consumption during the first wave was a voluntary response to the health risks. →

Most of the short-run decline in consumption during the first wave was a voluntary response to the health risks. →

The figures present fan charts around the MEV 2020 point forecasts for GDP growth, HICP inflation, unemployment and general government financial... →

The figures present fan charts around the MEV 2020 point forecasts for GDP growth, HICP inflation, unemployment and general government financial... →

How effective are unconventional monetary policies? Through which mechanisms do they work? This discussion paper contains a detailed presentation of the new scientific evidence we reported in the policy brief, and adds to the relatively scarce literature in this field. →

How effective are unconventional monetary policies? Through which mechanisms do they work? This discussion paper contains a detailed presentation of the new scientific evidence we reported in the policy brief, and adds to the relatively scarce literature in this field. →

The question is no longer if, but when and how unconventional monetary policy will be phased out. The undoing of the unconventional policies will affect European economies, just as their build up stimulated the euro area economy. →

The question is no longer if, but when and how unconventional monetary policy will be phased out. The undoing of the unconventional policies will affect European economies, just as their build up stimulated the euro area economy. →

This study looks at the effects of credit supply shocks in the Netherlands and provides estimates of how important credit supply disturbances have been for explaining the recent disappointing economic growth. →