Arrêt de service lundi 11 juillet de 12h30 à 13h : tous les sites du CCSD (HAL, Epiciences, SciencesConf, AureHAL) seront inaccessibles (branchement réseau à modifier)
Accéder directement au contenu Accéder directement à la navigation
Article dans une revue

Monetary Policy within a Covid-19 Environment: The Role of Central Banks and the Main Challenges for the Euro-Zone1

Abstract : The last financial crisis in 2008 has weakened the Euro-zone countries. Most of them were deeply affected, and their economic growths have not returned to their pre-crisis rates. Moreover, the inflation rate is still very low despite the European Central Bank's interventions. Twelve years later, a health crisis occurred. The ECB have reacted to this event by using monetary tools. We can cite for example the famous temporary Pandemic Emergency Purchase Programme (PEPP) to save the Euro-zone countries from a systemic disaster. The current interest rate is negative, and it seems to raise some questions about the efficiency of policies and the threat to economic, monetary, and financial stability. Negative interest rate may also generate the next crisis. This paper is dedicated to recommendations based on the role of Central Banks in the health crisis management and, more generally, environmental crisis management instead of evaluating the impacts of the monetary policies on Eurozone countries because it is too early to measure with acuity the COVID-19 effects. \textcopyright 2021, University of National and World Economy. All rights reserved.
Type de document :
Article dans une revue
Liste complète des métadonnées

https://hal-u-picardie.archives-ouvertes.fr/hal-03678292
Contributeur : Louise DESSAIVRE Connectez-vous pour contacter le contributeur
Soumis le : mercredi 25 mai 2022 - 11:45:45
Dernière modification le : jeudi 26 mai 2022 - 03:00:15

Lien texte intégral

Identifiants

Collections

Citation

Sarah Goldman, S. Zhang. Monetary Policy within a Covid-19 Environment: The Role of Central Banks and the Main Challenges for the Euro-Zone1. Economic Alternatives, 2021, 2021 (2), pp.197--212. ⟨10.37075/EA.2021.2.02⟩. ⟨hal-03678292⟩

Partager

Métriques

Consultations de la notice

0