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During the pandemic, monetary policy and fiscal policy have worked hand in hand and reinforced each other which increased the effectiveness of both policies, Dr. Isabel Schnabel, Member of the ECB`s Executive Board has said. Dr Schnabel, who gave on Thursday a public online lecture on “The ECB’s policy response to the COVID-19 pandemic” at the invitation of the School of Economics and Management of the University of Cyprus, said that “it is important to stress that in this pandemic monetary …
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