The ECB’s monetary policy response to COVID-19
分析了欧洲央行在COVID-19疫情期间的货币政策，成功稳定了市场、限制了碎片化并保持了银行信贷渠道畅通，但指出疫情后低增长和高债务问题仍待解决。
The ECB successfully calmed markets, limited fragmentation, and kept the bank lending channel intact. Looking ahead, the job is far from done as the post COVID-19 world will feature low growth and a big debt overhang.