The U.S. monetary policy responses during Covid-19
Pages 171 - 175
Abstract
This paper mainly discusses the U.S. monetary policy responses during Covid-19. The main contents of monetary policy incorporate prompt and powerful actions, diverse policy tools and close cooperation with fiscal policy. Through the analysis about impacts of monetary policy by IS-LM model, relevant data and literature, the conclusion is obtained that monetary policy stimulates the economic recovery in short-term, while in long-term, its effects are restricted due to tightening lockdown and the decrease in marginal propensity to consume.
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- The U.S. monetary policy responses during Covid-19
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Published In
June 2021
188 pages
ISBN:9781450390217
DOI:10.1145/3471988
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Published: 28 September 2021
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ICIEB'21
ICIEB'21: 2021 2nd International Conference on Internet and E-Business
June 9 - 11, 2021
Barcelona, Spain
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