The article analyzes how money and monetary policy affect the economy during crises in the Eurozone. By using different economic models, the researchers found that during crises, the model that considers money and consumption separately makes better predictions. Money shocks can impact the economy, especially during the global financial crisis. The response of the economy to a money shock is more lasting during the global financial crisis compared to other crises. The impact of monetary policy changes during crises, increasing at the start of the crisis but decreasing later on.