An Overview of Central Banks’ Answers to Economic Stimulus Following Covid-19
In this paper we discuss the implications of various economic stimulus mechanisms implemented by the United States and EU central banks to combat the economic downturn caused by the Covid-19 pandemic. The huge increase in both the Federal Reserve’s and European Central Bank’s balance sheets using fi...
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| Format: | Article |
| Language: | English |
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Editura Universitatii de Vest
2021-07-01
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| Series: | Political Studies Forum |
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| Online Access: | https://pfc.uvt.ro/wp-content/uploads/2014/07/Articol-Duta.pdf |
| _version_ | 1797295107747086336 |
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| author | Alexandru Duță |
| author_facet | Alexandru Duță |
| author_sort | Alexandru Duță |
| collection | DOAJ |
| description | In this paper we discuss the implications of various economic stimulus mechanisms implemented by the United States and EU central banks to combat the economic downturn caused by the Covid-19 pandemic. The huge increase in both the Federal Reserve’s and European Central Bank’s balance sheets using financial tools has led to a distortion of stock markets and government bonds. In turn, this has led to a monumental increase in MZM (deprecated M3) that may prove to be unsustainable. As such, the central banks’ governance bodies have taken steps to provide alternatives to fiat money as a means of last resort. |
| first_indexed | 2024-03-07T21:41:57Z |
| format | Article |
| id | doaj.art-d7c1544c8a7449a89ccdcebf975b39e4 |
| institution | Directory Open Access Journal |
| issn | 2067-1318 2360-1795 |
| language | English |
| last_indexed | 2024-03-07T21:41:57Z |
| publishDate | 2021-07-01 |
| publisher | Editura Universitatii de Vest |
| record_format | Article |
| series | Political Studies Forum |
| spelling | doaj.art-d7c1544c8a7449a89ccdcebf975b39e42024-02-26T08:18:34ZengEditura Universitatii de VestPolitical Studies Forum2067-13182360-17952021-07-01214360An Overview of Central Banks’ Answers to Economic Stimulus Following Covid-19Alexandru Duță0West University of TimișoaraIn this paper we discuss the implications of various economic stimulus mechanisms implemented by the United States and EU central banks to combat the economic downturn caused by the Covid-19 pandemic. The huge increase in both the Federal Reserve’s and European Central Bank’s balance sheets using financial tools has led to a distortion of stock markets and government bonds. In turn, this has led to a monumental increase in MZM (deprecated M3) that may prove to be unsustainable. As such, the central banks’ governance bodies have taken steps to provide alternatives to fiat money as a means of last resort.https://pfc.uvt.ro/wp-content/uploads/2014/07/Articol-Duta.pdfmonetary policyfinancial instabilityfiat moneyinflationeconomic stimuluscovid-19 |
| spellingShingle | Alexandru Duță An Overview of Central Banks’ Answers to Economic Stimulus Following Covid-19 Political Studies Forum monetary policy financial instability fiat money inflation economic stimulus covid-19 |
| title | An Overview of Central Banks’ Answers to Economic Stimulus Following Covid-19 |
| title_full | An Overview of Central Banks’ Answers to Economic Stimulus Following Covid-19 |
| title_fullStr | An Overview of Central Banks’ Answers to Economic Stimulus Following Covid-19 |
| title_full_unstemmed | An Overview of Central Banks’ Answers to Economic Stimulus Following Covid-19 |
| title_short | An Overview of Central Banks’ Answers to Economic Stimulus Following Covid-19 |
| title_sort | overview of central banks answers to economic stimulus following covid 19 |
| topic | monetary policy financial instability fiat money inflation economic stimulus covid-19 |
| url | https://pfc.uvt.ro/wp-content/uploads/2014/07/Articol-Duta.pdf |
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