期刊名称：Euro Area Balance of Payments and International Investment Position Statistics
印刷版ISSN：1830-3420
电子版ISSN：1830-3439
出版年度：2021
卷号：2021
语种：English
出版社：European Central Bank
摘要：Despite the pandemic reaching the United States later than the euro area and US population density being lower, the number of new COVID-19 cases has generally been higher in the United States than in the euro area, particularly so from mid-November 2020 to the end of February 2021. This higher incidence of infection in the United States may reflect the effectiveness of lockdown policies as measured by Goldman Sachs’ Effective Lockdown Index (ELI) (Chart A). [1] To the extent that the United States was subject to fewer restrictions than the euro area, the short-term responsiveness of the economy to policy stimulus was also likely greater. Against this background, the box compares economic developments in the euro area and the United States, focusing on 2020.
