The impact of money supply on the real sector during the Covid-19 pandemic: Evidence from OECD countries
The impact of money supply on the real sector during the Covid-19 pandemic: Evidence from OECD countries
Author(s): Sinan Alçin, Merve Hamzaoğlu, G. Derya ZayimSubject(s): Supranational / Global Economy, Economic history, Health and medicine and law, Present Times (2010 - today), Financial Markets
Published by: Rating Academy
Keywords: Money Supply Shock; Health Crisis; Financial Markets; Real Economy; COVID-19; OECD countries;
Summary/Abstract: Declared as a pandemic on March 11, 2020, COVID-19 caused a “sudden stop” in the world economy, resulting in both supply and demand shock. Most of the countries responded by monetary expansion to tackle the global economic issue. In this study we aim to find the impacts of these economic policies during COVID 19 on global economy. Our sample includes 33 of OECD countries. We estimate the impact of monetary expansion on the real economy with a linear regression model. The results show that the monetary policy has positively and significantly impacted economic growth even after controlling for fiscal policies.
Journal: Journal of Life Economics
- Issue Year: 10/2023
- Issue No: 3
- Page Range: 127-140
- Page Count: 14
- Language: English
