Bartocci, Anna; Notarpietro, Alessandro; Pisani, … - 2021
(via the trade channel). Second, the monetary union-wide recession is mitigated more effectively if both regions implement …This paper evaluates the macroeconomic effects of a monetary and fiscal policy mix implemented in a two-region monetary … union in response to the COVID-19 shock. The pandemic is modelled as a mix of recessionary demand and supply shocks …