Corradin, Stefano; Grimm, Niklas; Schwaab, Bernd - 2021
framework to study the impact of European Central Bank (ECB) monetary policy and European Union (E.U.) fiscal policy … announcements during the Covid-19 pandemic recession. We find that both monetary and fiscal policy announcements had a pronounced … implementing bond purchases, the E.U.’s fiscal policy announcements lowered yields more uniformly …