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Responses of International Central Banks to the COVID-19 Crisis

William Emmons, Jacob Haas and Christopher Neely

Review, 2020, vol. 102, issue 4, 338-384

Abstract: This article reviews and explains the recent policy reactions of the Federal Reserve, the European Central Bank, the Bank of England, and the Bank of Japan to the financial and macroeconomic turmoil caused by the COVID-19 pandemic. The financial and monetary policy actions of major central banks in the most recent crisis have, by some metrics, surpassed their responses to the Global Financial Crisis of 2007-09 in both swiftness and scope.

Keywords: COVID-19; central banks (search for similar items in EconPapers)
JEL-codes: E44 E58 E59 G01 G15 (search for similar items in EconPapers)
Date: 2020
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Citations: View citations in EconPapers (11)

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Persistent link: https://EconPapers.repec.org/RePEc:fip:fedlrv:89087

DOI: 10.20955/r.102.339-84

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