First published on
06 July 2020
Discussion Paper 127

The COVID19-Pandemic in the EU: Macroeconomic Transmission and Economic Policy Response


This paper uses a macroeconomic model to analyse the economic impact of the COVID-19 pandemic and its associated containment measures and to quantify  the stabilising effects of the economic policy response.


Philipp Pfeiffer, Werner Roeger, Jan in ’t Veld. European Commission.

Information and identifiers

Discussion Paper 127. July 2020. Brussels. PDF. 36pp. Tab. Graph. Bibliogr. Free.

KC-BD-19-014-EN-N (online)
ISBN 978-92-76-11195-5 (online)
ISSN 2443-8022 (online)
doi:10.2765/249964 (online)

JEL classification: E32, E6, F45, J08


European Economy Discussion Papers are written by the staff of the European Commission’s Directorate-General for Economic and Financial Affairs, or by experts working in association with them, to inform discussion on economic policy and to stimulate debate. The views expressed in this document are solely those of the author(s) and do not necessarily represent the official views of the European Commission. The closing date for this document was 29 April 2020.


DownloadPDF - 741.5 KB

Related information