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Monetary policy challenges in light of the Covid-19 shock
On 3 March 2021, Klaas Knot gave a keynote presentation at ASE Next!, a yearly event for students, alumni and staff of the Amsterdam School of Economics. In his presentation, Klaas Knot addressed the monetary policy challenges in light of the Covid-19 shock. After introducing the economic scenarios the ECB developed for the euro area, he discussed the main developments in the financial markets, and some key variables which inform the ECB about economic and financial changes following the Covid-19 shock. He then talked about the policy measures that were taken by the ECB since March 2020 and the monetary transmission channels, before closing with some reflections on the macroeconomic policy mix.