Demosthenes Ioannou

Governments and central banks can shield the economy from shocks with their decisions. The ECB Blog looks at a recent high-level conference that analysed the interaction of fiscal and monetary policy and questioned some long-held beliefs. By Jacopo Cimadomo and Demosthenes Ioannou Governments and central banks reacted boldly to mitigate the economic damage of the pandemic and recent geopolitical conflicts.

Governments and central banks can shield the economy from shocks with their decisions. The ECB Blog looks at a recent high-level conference that analysed the interaction of fiscal and monetary policy and questioned some long-held beliefs. Governments and central banks reacted boldly to mitigate the economic damage of the pandemic and recent geopolitical conflicts. Euro area governments and the EU as a whole used fiscal policies to protect the living standards of European citizens.

Sanctions and voluntary boycotts have forced Russia to change its international trade since its invasion of Ukraine. The country has reoriented towards the east, away from Europe. This ECB Blog post sheds light on these shifts. It is the third entry in a series about the economic effects of the war.