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 391
- Downloads 0
The Impact of the Corona Pandemic on Trade between Jordan and Syria
The Corona pandemic has sent shock waves through the global economy and caused the largest global economic crisis in more than a century. This crisis has led to a sharp increase in inequality within and between countries...
Analysis of Learning Behavior and Academic Achievement of Junior High School Students in the Province of Banten
The academic achievement of students is influenced by various factors encompassing learning attitudes, motivation, strategies, memory, and metacognition. This study specifically delves into learning attitudes, motivation...
Analysis of the Effect of Mission on Innovative Performance in Improving Organization Performance in Employees of PT Bank SulutGo
This study examines the influence of Mission on Innovative Performance and its impact on Organization Performance at PT Bank SulutGo, with Consistency, Adaptability, and Involvement as mediating variables. Using a quanti...
Success Deteriminan of the Manufacturing Industry Sector to Survive During the Pandemic in Indonesia
The island of Java is the area with the largest processing industry development in Indonesia. Supported by a large number of industries and the number of workers, industrialization in Java is growing. In the face of an i...
Corporate Governance Practices and the Performance of Selected PostConsolidated Nigerian Deposit Money Banks
The nature of the relationship between Corporate Governance (CG) practices and performance of Nigerian Deposit Money Banks (NDMBs) have yet to be clearly established in the extant literature regardless of the volume of...