Article

Monetary Policy and COVID-19

2022-02-17

Abstract excerpt

We study the macroeconomic effects of the COVID-19 epidemic in a quantitative dynamic general equilibrium setup with nominal rigidities. We evaluate various containment policies and show that they allow to dramatically reduce the welfare cost of the disease. Then we investigate the role that monetary policy, in its capacity to manage aggregate demand, should play during the epidemic. According to our results, trea...

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Literature Corpus work: 8a237243-45aa-5a23-ba6b-d2e8cecaf910
DOI: 10.2139/ssrn.4026503

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