It is a pleasure and an honour to participate in this panel with Thomas Jordan and Axel Weber. Axel, thank you very much for the invitation. I join Thomas in expressing my sympathy to everyone who has been affected by this pandemic and wishing all of you in the audience good health. In my opening remarks, I will briefly address the economic impact of Covid-19, to then move on to analyse the policy response of primarily the advanced economies' central banks.
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