[PDF][PDF] The monetary-fiscal policy nexus in the wake of the pandemic
The Covid-19 pandemic cast the interaction between fiscal and monetary policy in a new
light. The pandemic-induced recession made greater demands on both fiscal and monetary
policy, triggered the need for closer domestic policy co-ordination, and led to a greater use
of central bank balance sheets. This note discusses these issues, drawing on evidence from
a survey of emerging market economy (EME) central banks. It first reviews the interaction
between monetary and fiscal policy during the first phase of the Covid-19. It then explores …
light. The pandemic-induced recession made greater demands on both fiscal and monetary
policy, triggered the need for closer domestic policy co-ordination, and led to a greater use
of central bank balance sheets. This note discusses these issues, drawing on evidence from
a survey of emerging market economy (EME) central banks. It first reviews the interaction
between monetary and fiscal policy during the first phase of the Covid-19. It then explores …
The monetary-fiscal policy nexus in the wake of the pandemic
M Chui, T Goel, A Mehrotra, K Tsatsaronis - BIS Papers, 2022 - ideas.repec.org
The Covid-19 pandemic cast the interaction between fiscal and monetary policy in a new
light. The pandemic-induced recession made greater demands on both fiscal and monetary
policy, triggered the need for closer domestic policy co-ordination, and led to a greater use
of central bank balance sheets. This note discusses these issues, drawing on evidence from
a survey of emerging market economy (EME) central banks. It first reviews the interaction
between monetary and fiscal policy during the first phase of the Covid-19. It then explores …
light. The pandemic-induced recession made greater demands on both fiscal and monetary
policy, triggered the need for closer domestic policy co-ordination, and led to a greater use
of central bank balance sheets. This note discusses these issues, drawing on evidence from
a survey of emerging market economy (EME) central banks. It first reviews the interaction
between monetary and fiscal policy during the first phase of the Covid-19. It then explores …
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