News Shocks and the Effects of Monetary Policy

Zhang, Ren

doi:10.1017/s1365100521000158

Cited by 5 publications

(2 citation statements)

References 80 publications

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“…Economic activities are easily affected by various social factors, such as monetary policies (Balke et al, 2017;Zhang, 2019;An et al, 2021), credit shocks (Balke et al, 2021), and major public events like COVID-19 pandemic (Shang et al, 2021;Zhao Y. H. et al, 2021). The global economy encountered a serious recession in the second quarter of 2020.…”

Section: Overview Of the Effect Of Covid-19 On Economic And Mental He...mentioning

confidence: 99%

COVID-19 Induced Economic Slowdown and Mental Health Issues

et al. 2022

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The COVID-19 pandemic has pressed a pause button on global economic development, and induced significant mental health problems. In order to demonstrate the progressed relationship between the pandemic, economic slowdown, and mental health burden, we overviewed the global-level gross domestic product changes and mental problems variation since the outbreak of COVID-19, and reviewed comprehensively the specific sectors influenced by the pandemic, including international trade, worldwide travel, education system, healthcare system, and individual employment. We hope to provide timely evidence to help with the promotion of policymakers’ effective strategies in mitigating economic losses induced by the pandemic; we suggest different governments or policy makers in different countries to share information and experience in dealing with COVID-19-induced economic slowdown and promote COVID-19 vaccine popularization plan to protect every individual worldwide against the coronavirus essentially; and we appeal international information share and collaboration to minimize stigmatization related to adverse mental consequences of COVID-19 and to increase mental health wellbeings of people all over the world.

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Section: Overview Of the Effect Of Covid-19 On Economic And Mental He...mentioning

confidence: 99%

COVID-19 Induced Economic Slowdown and Mental Health Issues

et al. 2022

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“…Recent research by Salisu and Gupta (2020) estimates the dynamic effects of monetary policy shocks on macroeconomic volatility. Likewise, Zhang (2021) with the concept of the new shock also analyzed the impact of monetary policy shocks on output and total factor productivity. On the other hand, monetary policy shock increases when the inflation trend is increasing, as the results of research conducted by Le and Finch (2021).…”

Section: Introductionmentioning

confidence: 99%

Does Monetary Policy Respond to Macroeconomic Shocks? Evidence from Indonesia

Arintoko¹,

Kadarwati²

2022

JESP

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The activist policy is believed by policymakers and economists that monetary policy can respond to macroeconomic shocks to stabilize the economy. This study aims to find evidence and discuss the response of monetary policy to macroeconomic shocks. For this reason, the effects of GDP shocks, inflation shocks, and exchange rate shocks on policy interest rates in the implementation of monetary policy are discussed through vector error correction model (VECM) analysis along with policy interest rate responses involving the long-run relationships. The study period 2001Q1 – 2020Q1 is used as the policy implementation period using the policy interest rate. The results of the analysis show that based on the magnitude of the impact and its contribution, inflation shock and exchange rate shock are the most important macroeconomic variable shocks in influencing the monetary policy stance in Indonesia. Inflation shocks and exchange rate shocks need to be a priority focus for monetary policymakers in an economic environment where uncertainty is increasing and rapidly changing. In addition to the interests of the domestic economy, monetary policy also needs to remain focused on considering and adapting to increasingly dynamic global economic and financial developments.

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Shock-dependent exchange rate pass-through: Evidence based on a narrative sign approach for Japan

Wynne

Zhang

2021

Journal of International Money and Finance

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News Shocks and the Effects of Monetary Policy

Cited by 5 publications

References 80 publications

COVID-19 Induced Economic Slowdown and Mental Health Issues

COVID-19 Induced Economic Slowdown and Mental Health Issues

Does Monetary Policy Respond to Macroeconomic Shocks? Evidence from Indonesia

Shock-dependent exchange rate pass-through: Evidence based on a narrative sign approach for Japan

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