Counterfactual analysis among Covid-19: fiscal and monetary policy for green economic recovery

Liu Z. Lu L. Tiep Le T. Saydaliev H.B.
2022 Taylor and Francis Ltd.

Economic Research-Ekonomska Istrazivanja
2022 #35 Issue 1 5947 - 5970 pp.

This study examines fiscal-monetary policy links in America across a time period that includes the recent global economic crisis and the COVID-19 emergency. Hypotheses deviate that regulatory administrations are permanent and calculate fiscal policy yearly percentage rate and budgetary regulations which are likely to change between two governments. Additionally, study uses the VAR technique to evaluate the effects of financial initiatives similar to those undertaken in the aftermath of the Covid-19 outbreak. Results discovered that fiscal policy is more successful than monetary policy, and that lavishing on public debt helps increase short-run economic performance. People argue that concerns about a rapid rise in prices as a result of fiscal stimulus are unfounded because the US economy was not close to full employment or full use of funds prior to the global epidemic, and the dissemination processes that could contribute to accelerating rising prices are not always in place. As a result, with the withdrawal of monetary stimulus, the favourable effects on actual GDP and real private expenditure are gone. Long-term mortgage rates have risen, money invested has decreased, and prices have risen, raising concerns about the banking systems inflationary tendency.

America , debt spending , economic recovery , Fiscal- monetary policy , inflation

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School of Business, Nanjing Normal University, Nanjing, China
School of Finance, Nanjing University of Finance & Economics, Nanjing, China
Ho Chi Minh City City University of Economics and Finance, Ho Chi Minh, Viet Nam
Business School, Suleyman Demirel University, Kaskelen, Almaty, Kazakhstan
Mathematical Methods in Economics, Tashkent State University of Economics, Tashkent, Uzbekistan

School of Business
School of Finance
Ho Chi Minh City City University of Economics and Finance
Business School
Mathematical Methods in Economics

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