Central Bank Response to COVID-19

Manuel Ramos-Francia and Santiago Garcia-Verdu
Authors registered in the RePEc Author Service: Manuel Ramos Francia

Latin American Journal of Central Banking (previously Monetaria), 2022, vol. 3, issue 3

Abstract: The COVID-19 crisis has been, above all, a tragic public health crisis. It has entailed an enormous effort to respond to the demand for health services. In it, fiscal authorities have led the economic policy responses. For their part, central banks responded swiftly by easing their monetary policy stance and implementing facilities to provide liquidity and enable credit in the economy. We discuss key economic issues of the central bank response, in which the monetary authorities have had to account for the crisis’ nature. We argue that the actions taken by central banks in general avoided a further deterioration of financial and economic conditions.

Keywords: Central banks; Monetary policy; COVID-19 (search for similar items in EconPapers)
JEL-codes: E52 E58 E63 (search for similar items in EconPapers)
Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:eee:lajcba:v:3:y:2022:i:3:s2666143822000199

DOI: 10.1016/j.latcb.2022.100065

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Latin American Journal of Central Banking (previously Monetaria) is currently edited by Manuel Ramos-Francia

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