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Economy and Finance

Quarterly Report on the Euro Area (QREA), Vol. 20, No. 4 (2021)


Institutional Paper 168
Publication date
28 January 2022
Directorate-General for Economic and Financial Affairs


Focussing on the euro area, QREA Volume 20 No. 4 (2021) provides an analysis of i) the protection of household’s income by existing and newly implemented tax-benefit instruments during the COVID-19 pandemic, ii) the pandemic’s impact on gross fixed capital formation, iii) how reforms of recurrent taxes on residential property can be an important element of a tax mix promoting inclusive sustainable growth, iv) the responsiveness of sovereign interest rate spreads of euro area Member States (vis-à-vis Germany) to fundamental factors, as well as a brief overview of major policy developments at the euro area level in recent months. 

Information and identifiers

Institutional Paper 168. January 2022. Brussels. PDF. 54pp. Tab. Graph. Bibliogr. Free.

KC-BC-22-005-EN-N (online)
ISBN 978-92-76-43937-0 (online)
ISSN 2443-8014 (online)
doi:10.2765/619470 (online)

JEL classification : H3, J3, F22, E50, E60, D1, D3, D31, H2, H21, H22, H22, H24 , H63, E43,  E62, C23, O52.


European Economy Institutional Papers are important reports analysing the economic situation and economic developments prepared by the European Commission's Directorate-General for Economic and Financial Affairs, which serve to underpin economic policy-making by the European Commission, the Council of the European Union and the European Parliament. Views expressed in unofficial documents do not necessarily represent the views of the European Commission.

Quarterly Report on the Euro Area (QREA), Vol. 20, No. 4 (2021)


28 JANUARY 2022
Quarterly Report on the Euro Area (QREA), Vol. 20, No. 4 (2021)
28 JANUARY 2022
Chapter I. Assessing the cushioning role of tax-benefit systems on households’ income in the euro area during the COVID-19 pandemic: a microsimulation analysis
28 JANUARY 2022
Chapter II. Gross fixed capital formation in the euro area during the COVID-19 pandemic
28 JANUARY 2022
Chapter III. Taxation of residential property in the euro area with a view to growth, equality and environmental sustainability
28 JANUARY 2022
Chapter IV. Revisiting the link between government debt and sovereign interest rates in the euro area