Counterfactual analysis among Covid-19
Fiscal and monetary policy for green economic recovery
Bibliographic Data
| ID | 15066950 |
|---|---|
| Authors | Zhen Liu (0000-0002-8440-2554, Nanjing Normal University), Lu Lu (0000-0001-9852-3560, School of Finance, Nanjing University of Finance & Economics, Nanjing, China), Thanh Tiep Le (0000-0002-2509-5910, Ho Chi Minh City City University of Economics and Finance, Ho Chi Minh, Vietnam, corresponding author), Hayot Berk Saydaliev (0000-0002-4231-2366, Business School, Suleyman Demirel University, Kaskelen, Almaty, Kazakhstan) |
| Year | 2022 |
| Volume | 35 |
| Issue | 1 |
| Pages | 5947-5970 |
| Publication date | 2022-12-31 |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Economic Research-Ekonomska Istraživanja (JOURNAL) |
| Journal identifiers | ISSN: 1331-677X • E-ISSN: 1848-9664 |
| Publisher | Informa UK Limited (PUBLISHER • GB) |
| DOI | 10.1080/1331677x.2022.2042710 |
| OpenAlex | W4220783527 |
| Language | EN |
| References cited | 105 |
This study examines fiscal-monetary policy links in America across a time period that includes the recent global economic crisis and the COVID-19 emergency. Hypotheses deviate that regulatory administrations are permanent and calculate fiscal policy yearly percentage rate and budgetary regulations which are likely to change between two governments. Additionally, study uses the VAR technique to evaluate the effects of financial initiatives similar to those undertaken in the aftermath of the Covid-19 outbreak. Results discovered that fiscal policy is more successful than monetary policy, and that lavishing on public debt helps increase short-run economic performance. People argue that concerns about a rapid rise in prices as a result of fiscal stimulus are unfounded because the US economy was not close to full employment or full use of funds prior to the global epidemic, and the dissemination processes that could contribute to accelerating rising prices are not always in place. As a result, with the withdrawal of monetary stimulus, the favourable effects on actual GDP and real private expenditure are gone. Long-term mortgage rates have risen, money invested has decreased, and prices have risen, raising concerns about the banking system's inflationary tendency
Counterfactual thinking · Debt · Economic policy · Economic recovery · Economics · Fiscal policy · Fiscal union · Interest rate · Macroeconomics · Monetary economics · Monetary policy · COVID-19 impact on air quality · COVID-19 Pandemic Impacts · Energy, Environment, Economic Growth
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| Highly cited | No |
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