COVID-19 uncertainty, financial markets and monetary policy effects in case of two emerging Asian countries

This paper examines the effectiveness of the monetary policies undertaken by the central bank on economic growth during COVID-19 uncertainty in case of India and Indonesia. We use an innovative framework of Growth-at-Risk as oppose to standard macroeconomic models, which can predict the growth in a...

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Detalles Bibliográficos
Autores principales: Behera, Harendra, Gunadi, Iman, Rath, Badri Narayan
Formato: Online Artículo Texto
Lenguaje:English
Publicado: Economic Society of Australia, Queensland. Published by Elsevier B.V. 2023
Materias:
Full Length Article
Acceso en línea:https://www.ncbi.nlm.nih.gov/pmc/articles/PMC9993740/
https://www.ncbi.nlm.nih.gov/pubmed/36941917
http://dx.doi.org/10.1016/j.eap.2023.03.001
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author Behera, Harendra
Gunadi, Iman
Rath, Badri Narayan
author_facet Behera, Harendra
Gunadi, Iman
Rath, Badri Narayan
author_sort Behera, Harendra
collection PubMed
description This paper examines the effectiveness of the monetary policies undertaken by the central bank on economic growth during COVID-19 uncertainty in case of India and Indonesia. We use an innovative framework of Growth-at-Risk as oppose to standard macroeconomic models, which can predict the growth in a much robust way particularly when an economy is facing shocks like COVID-19. The empirical results based on Growth-at-Risk model clearly reveal that effect of COVID-19 pandemic on economic growth is much adverse in comparison to actual declines. Further, this study shows the effectiveness of monetary and financial policies undertaken by the central banks of both India and Indonesia, which have actually subsided the adverse impact of COVID-19.
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spelling pubmed-99937402023-03-08 COVID-19 uncertainty, financial markets and monetary policy effects in case of two emerging Asian countries Behera, Harendra Gunadi, Iman Rath, Badri Narayan Econ Anal Policy Full Length Article This paper examines the effectiveness of the monetary policies undertaken by the central bank on economic growth during COVID-19 uncertainty in case of India and Indonesia. We use an innovative framework of Growth-at-Risk as oppose to standard macroeconomic models, which can predict the growth in a much robust way particularly when an economy is facing shocks like COVID-19. The empirical results based on Growth-at-Risk model clearly reveal that effect of COVID-19 pandemic on economic growth is much adverse in comparison to actual declines. Further, this study shows the effectiveness of monetary and financial policies undertaken by the central banks of both India and Indonesia, which have actually subsided the adverse impact of COVID-19. Economic Society of Australia, Queensland. Published by Elsevier B.V. 2023-06 2023-03-08 /pmc/articles/PMC9993740/ /pubmed/36941917 http://dx.doi.org/10.1016/j.eap.2023.03.001 Text en © 2023 Economic Society of Australia, Queensland. Published by Elsevier B.V. All rights reserved. Since January 2020 Elsevier has created a COVID-19 resource centre with free information in English and Mandarin on the novel coronavirus COVID-19. The COVID-19 resource centre is hosted on Elsevier Connect, the company's public news and information website. Elsevier hereby grants permission to make all its COVID-19-related research that is available on the COVID-19 resource centre - including this research content - immediately available in PubMed Central and other publicly funded repositories, such as the WHO COVID database with rights for unrestricted research re-use and analyses in any form or by any means with acknowledgement of the original source. These permissions are granted for free by Elsevier for as long as the COVID-19 resource centre remains active.
spellingShingle Full Length Article
Behera, Harendra
Gunadi, Iman
Rath, Badri Narayan
COVID-19 uncertainty, financial markets and monetary policy effects in case of two emerging Asian countries
title COVID-19 uncertainty, financial markets and monetary policy effects in case of two emerging Asian countries
title_full COVID-19 uncertainty, financial markets and monetary policy effects in case of two emerging Asian countries
title_fullStr COVID-19 uncertainty, financial markets and monetary policy effects in case of two emerging Asian countries
title_full_unstemmed COVID-19 uncertainty, financial markets and monetary policy effects in case of two emerging Asian countries
title_short COVID-19 uncertainty, financial markets and monetary policy effects in case of two emerging Asian countries
title_sort covid-19 uncertainty, financial markets and monetary policy effects in case of two emerging asian countries
topic Full Length Article
url https://www.ncbi.nlm.nih.gov/pmc/articles/PMC9993740/
https://www.ncbi.nlm.nih.gov/pubmed/36941917
http://dx.doi.org/10.1016/j.eap.2023.03.001
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AT rathbadrinarayan covid19uncertaintyfinancialmarketsandmonetarypolicyeffectsincaseoftwoemergingasiancountries

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