Jinjarak, Y., Ahmed, R., Nair-Desai, S., Xin, W., & Aizenman, J. (2020). Pandemic Shocks and Fiscal-Monetary Policies in the Eurozone: COVID-19 Dominance During January - June 2020 (Working Paper No. 27451; Working Paper Series). National Bureau of Economic Research. https://doi.org/10.3386/w27451

Reichlin, L. (2020, May 19). An interview with Lucrezia Reichlin. Project Syndicate. https://www.project-syndicate.org/say-more/ps-say-more-lucrezia-reichlin

so in few years ECB will complain about the lack of liquidity ?