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Monetary Policy and Central Banking in the Covid Era

edited by Bill English Kristin Forbes Ángel Ubide

6 Mar 2021

The abruptness and speed of the economic deterioration caused by the Covid-19 pandemic, the sharp increase in market volatility, and the blinding uncertainty over the impact of the pandemic motivated a central bank reaction that was unprecedented in terms of size, speed and scope. This CEPR eBook summarises the responses by sixteen central banks from both advanced and emerging economies – with chapters written by senior central bank officials and economists in each of the countries to explain the actions taken.

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Monetary policy and central banking in the Covid era: Key insights and challenges for the future

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A year like no other

Gian Maria Milesi-Ferretti

Citation

Milesi-Ferretti, G (eds), Monetary Policy and Central Banking in the Covid Era, CEPR Press, London. https://cepr.org/chapters/year-no-other

Monetary policy in Australia during Covid

Guy Debelle

Citation

Debelle, G (eds), Monetary Policy and Central Banking in the Covid Era, CEPR Press, London. https://cepr.org/chapters/monetary-policy-australia-during-covid

The Bank of Canada’s response in 2020 to the Covid-19 pandemic

Citation

Gravelle, T and C Wilkins (eds), Monetary Policy and Central Banking in the Covid Era, CEPR Press, London. https://cepr.org/chapters/bank-canadas-response-2020-covid-19-pandemic

The monetary policy response in the euro area

Philip Lane

Citation

Lane, P (eds), Monetary Policy and Central Banking in the Covid Era, CEPR Press, London. https://cepr.org/chapters/monetary-policy-response-euro-area

The response in Sweden

Per Jansson

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Jansson, P (eds), Monetary Policy and Central Banking in the Covid Era, CEPR Press, London. https://cepr.org/chapters/response-sweden

The Swiss National Bank’s monetary policy response to the Covid-19 pandemic

Thomas Jordan

Citation

Jordan, T (eds), Monetary Policy and Central Banking in the Covid Era, CEPR Press, London. https://cepr.org/chapters/swiss-national-banks-monetary-policy-response-covid-19-pandemic

The Bank of England’s response to Covid-19

Ben Broadbent

Citation

Broadbent, B (eds), Monetary Policy and Central Banking in the Covid Era, CEPR Press, London. https://cepr.org/chapters/bank-englands-response-covid-19

The COVID-19 crisis and the Federal Reserve’s policy response

Citation

Clarida, R, B Duygan-Bump and C Scotti (eds), Monetary Policy and Central Banking in the Covid Era, CEPR Press, London. https://cepr.org/chapters/covid-19-crisis-and-federal-reserves-policy-response

Brazil: Covid-19 and the road to recovery

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Nechio, F and B Serra Fernandes (eds), Monetary Policy and Central Banking in the Covid Era, CEPR Press, London. https://cepr.org/chapters/brazil-covid-19-and-road-recovery

The Central Bank of Chile’s policy response to the Covid-19 crisis

Pablo García Silva

Citation

García Silva, P (eds), Monetary Policy and Central Banking in the Covid Era, CEPR Press, London. https://cepr.org/chapters/central-bank-chiles-policy-response-covid-19-crisis

The People’s Bank of China adhered to normal monetary policy and enhanced support to the real economy to offset the impact of Co

Sun Guofeng

Citation

Guofeng, S (eds), Monetary Policy and Central Banking in the Covid Era, CEPR Press, London. https://cepr.org/chapters/peoples-bank-china-adhered-normal-monetary-policy-and-enhanced-support-real-economy-offset

The response of the Reserve Bank of India to Covid-19: Do whatever it takes

Rakesh Mohan

Citation

Mohan, R (eds), Monetary Policy and Central Banking in the Covid Era, CEPR Press, London. https://cepr.org/chapters/response-reserve-bank-india-covid-19-do-whatever-it-takes

Bank Indonesia’s response to Covid-19: Synergise to build optimism for economic recovery

Perry Warjiyo

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Warjiyo, P (eds), Monetary Policy and Central Banking in the Covid Era, CEPR Press, London. https://cepr.org/chapters/bank-indonesias-response-covid-19-synergise-build-optimism-economic-recovery

Bank of Russia policy during the Covid-19 pandemic

Ksenia Yudaeva

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Yudaeva, K (eds), Monetary Policy and Central Banking in the Covid Era, CEPR Press, London. https://cepr.org/chapters/bank-russia-policy-during-covid-19-pandemic

Weathering Covid: South Africa’s central bank policy in 2020 and 2021

Christopher Loewald

Citation

Loewald, C (eds), Monetary Policy and Central Banking in the Covid Era, CEPR Press, London. https://cepr.org/chapters/weathering-covid-south-africas-central-bank-policy-2020-and-2021

Monetary policy in the Covid era: The Turkish experience

Hakan Kara

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Kara, H (eds), Monetary Policy and Central Banking in the Covid Era, CEPR Press, London. https://cepr.org/chapters/monetary-policy-covid-era-turkish-experience

Central banks and the Covid-19 economic crisis

Claudio Borio

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Borio, C (eds), Monetary Policy and Central Banking in the Covid Era, CEPR Press, London. https://cepr.org/chapters/central-banks-and-covid-19-economic-crisis

Assessment of monetary and financial policy responses in advanced economies to the Covid-19 crisis

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Boone, L and L Rawdanowicz (eds), Monetary Policy and Central Banking in the Covid Era, CEPR Press, London. https://cepr.org/chapters/assessment-monetary-and-financial-policy-responses-advanced-economies-covid-19-crisis

The year the power of central bank balance sheets was unleashed

Athanasios Orphanides

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Orphanides, A (eds), Monetary Policy and Central Banking in the Covid Era, CEPR Press, London. https://cepr.org/chapters/year-power-central-bank-balance-sheets-was-unleashed

Emerging markets during Covid-19: Unconventional policies and financial markets

Citation

Drakopoulos, D, R Goel, CFA, and E Papageorgiou (2021), “Emerging markets during Covid-19: Unconventional policies and financial markets“, in D Petrov, P Schneider and C SEVER (eds), Monetary Policy and Central Banking in the Covid Era, CEPR Press, London. https://cepr.org/chapters/emerging-markets-during-covid-19-unconventional-policies-and-financial-markets