Saturday , June 12 2021
Home / English, Forbes, Ubide

English, Forbes, Ubide



Articles by English, Forbes, Ubide

Monetary policy and central banking in the Covid era: A new eBook

9 days ago

When the COVID shock hit in early 2020, many central banks were still struggling to boost inflation after being below target the last decade. The abruptness and speed of the economic deterioration, the sharp increase in market volatility, and the blinding uncertainty about the impact of the pandemic in an environment of already low inflation, motivated a central bank reaction that was unprecedented in terms of speed, scope, and size.  This was not a standard recession, triggered by overheating or financial excesses; it was akin to an induced economic coma (Deb et al. 2020). A different recession required a different response. 
Short-term interest rates, which were already low in most advanced economies, were quickly cut around the world, reaching around zero in all advanced

Read More »

Monetary Policy and Central Banking in the Covid Era

9 days ago

The abruptness and speed of the economic deterioration caused by the Covid-19 pandemic, the sharp increase in market volatility, and the blinding uncertainty over the impact of the pandemic motivated a central bank reaction that was unprecedented in terms of size, speed and scope. This CEPR eBook summarises the responses by sixteen central banks from both advanced and emerging economies – with chapters written by senior central bank officials and economists in each of the countries to explain the actions taken. 

PDF Download

Contents
Foreword
Part I: Introduction, overview, and economic background
Monetary policy and central banking in the Covid era: Key insights and challenges for the futureBill

Read More »