Canal d’incertitude de la COVID-19: Quelles stratégies et tactiques pour la politique monétaire ?

COVID-19 Uncertainty Channel: What Strategies and Tactics for Monetary Policy?

Christian Pinshi and Alain Malata

MPRA Paper from University Library of Munich, Germany

Abstract: The Central Bank of Congo (BCC) lowered policy rate in response to uncertainty surrounding COVID-19. The impact of the pandemic on the economy is uncertain and depends on several factors. This cut in the policy rate would not help the economy to limit the fallout from COVID-19, so we should rethink other tactics and strategies, such as a good communication strategy and the deployment of unconventional measures. However, coordination with fiscal policy would be a determining factor in blurring the uncertain effects of the coronavirus crisis.

Keywords: Monetary policy; Covid-19; uncertainty (search for similar items in EconPapers)
JEL-codes: C32 E32 E44 E52 E63 (search for similar items in EconPapers)
Date: 2020-09
New Economics Papers: this item is included in nep-ban, nep-isf and nep-mac
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:109313

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