COVID-19 Uncertainty and Monetarypolicy
Journal Title: Journal of Economics, Finance and Management Studies - Year 2020, Vol 3, Issue 05
Abstract
The COVID-19 pandemicis influencing the management of monetarypolicy in its role as regulator of aggregate demand and guarantor of macroeconomicstability. We use a Bayesian VAR framework (BVAR) to provide an analysis of the COVID-19 uncertainty shock on the economy and monetarypolicy response. This analysis shows important conclusions. The uncertainty effect of COVID-19 hits unprecedented aggregate demand and the economy. In addition, it undermines monetary policy action to soften this fall in aggregate demand and curb inflation impacted by the exchange rate effect. We suggest a development of unconventional devices for a gradual recovery of the economy.
Authors and Affiliations
Christian P. Pinshi
Keywords
Related Articles
- EP ID EP683951
- DOI -
- Views 335
- Downloads 0
Assessing the Influence of Green Accounting, Material Flow Cost Accounting, and Firm Size on Company Sustainability Performance
The purpose of this research is to investigate the impact that Green Accounting, Material Flow Cost Accounting, and Firm Size on the Corporate Sustainability Performance of Companies in the Primary Consumer Goods Sector...
APBDes Management in Efforts for Financial Accountability and Transparency in Sahan Village, Seluas Subdistrict
Village Revenue and Expenditure Budget Management ( APBDes ) is a regional government financial plan that contains village income, expenditure and financing. APBDes management must be based on the principles of accountab...
Financial Deepening and Small and Medium Scale Enterprises (SMEs) Output in Nigeria
The study examined the relationship between financial deepening (FD) and entrepreneurial growth (EG) in Nigeria for the period of 1986-2021 (36years). This was done in respect to the measures of FD, namely; Ratio of Broa...
Influence of Company Size, Profitability, Dividend Policy, and Liquidity on Company Value in Manufacturing Companies
This study aimed to find company value which was influenced by company size, profitability, dividend policy, and liquidity in manufacturing companies for the 2016-2019 periods. The population of this research consisted o...
Dynamics of Rice Imports in Indonesia: Analysis of Development, Causative Factors, Impacts and Solutions
This research aims to understand the development of rice imports, the factors driving rice imports, the impact of rice imports, and steps to increase production and reduce rice imports in Indonesia. This research uses a...