Opinion: Unwinding Pandemic Monetary Policy

Kartik Athreya

Econ Focus, 2022, issue 2Q, 36

Abstract: When COVID-19 hit, it put consumers and businesses in unprecedented difficulty. People could not work easily, and service-oriented businesses (think hotels and restaurants) lost demand for their services. At the same time, people spending increased time at home — including working from it if they could — demanded more goods (think furniture and remodeling). In a nutshell, the economy was reacting both sensibly and sharply to the new reality.

Keywords: pandemic; economy; monetary policy; inflation (search for similar items in EconPapers)
Date: 2022
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