The Federal Reserve's response to the <scp>COVID</scp>‐19 contraction: An initial appraisal

Cachanosky, Nicolás; Cutsinger, Bryan; Hogan, Thomas L.; Luther, William J.; Salter, Alexander William

doi:10.1002/soej.12498

Cited by 23 publications

(10 citation statements)

References 23 publications

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“…ISO/TS 22318:2015 Societal security-Business continuity management systems-Guidelines for supply chain continuity; (3). ISO 22320:2018 Security and resilience-security and resilience-Organizational resilience-Principles and attributes; ISO 31000:2018 Risk management-Guidelines; (6). ISO 56002:2019 Innovation management-Innovation management system-Guidance; (7).…”

Section: Literature Review On Pandemics and The Role Of Standardizationmentioning

confidence: 99%

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Innovation Opportunity and Challenge of Standardization in Response to COVID-19 Pandemic and the Socio-Economic Impact: A Case Study in Indonesia

et al. 2022

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The COVID-19 health crisis has disrupted various aspects of life: social, economic and work models in organizations, such as government organizations, private organizations, and businesses. To overcome this situation, a number of appropriate activities are needed to directly overcome the various problems in public health, both preventive and curative. In line with that, activities have also been taken to recover from the impact caused by the COVID-19 pandemic. This paper describes the role of standardization in response to the COVID-19 pandemic, including the business process of formulation and development of standards, conformity assessment procedures, and the role of metrology in providing calibration services. Moreover, the role of the implementation of standards to overcome the socio-economic impact and innovation is also discussed. The method used in this report is based on observation and secondary data. The observation was carried out in Jakarta and surrounding cities, which are representatives of the islands of Java and Bali. A short overview of the literature regarding Coronavirus, the principal role of standardization, regulation, innovation, and its social-economic impact were obtained from secondary data from various sources.

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Section: Literature Review On Pandemics and The Role Of Standardizationmentioning

confidence: 99%

“…The instability of the world economy has resulted in a decline in the exchange rate and pressure on the domestic economy. The decline in demand due to the decline in people's purchasing power also affected domestic production [5][6][7].…”

Section: Introductionmentioning

confidence: 99%

Innovation Opportunity and Challenge of Standardization in Response to COVID-19 Pandemic and the Socio-Economic Impact: A Case Study in Indonesia

et al. 2022

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“…Some question how necessary the Fed’s new and revived programs of credit allocation have been for accomplishing their stated mission. Cachanosky et al ( 2021 ) conclude that “[t]hese credit allocation facilities were unwarranted: they were not necessary to promote monetary stability” (p. 1169). However, there is no doubt that certain groups benefited from these policies.…”

Section: Evidencementioning

confidence: 99%

“… 26 For a thorough review of the Fed’s policy response, see Cachanosky et al ( 2021 , pp. 1156–1160).…”

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The redistributive politics of monetary policy

Rouanet

Hazlett

2022

Public Choice

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Monetary policy and institutions are far from exempt from political influences. In this paper, we analyze monetary institutions not as being run by either benevolent technocrats or a wealth-maximizing Leviathan, but as the outcome of competition between interest groups trying to capture wealth transfers. We argue that while interest groups gaining from specific monetary policies and institutions can easily identify themselves, losers often cannot. As a result, losers have a more difficult time fighting back, and both the organization of money production and monetary policy are shaped by political competition between rent-seekers. We use our framework to analyze modern developments in monetary policies and institutions, namely (1) the Fed’s reaction to the 2007 financial crisis, (2) the Fed’s reaction to the COVID crisis, and (3) the establishment and development of the euro.

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The political economy of theCOVID‐19 pandemic

Boettke

Powell

2021

Southern Economic Journal

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We argue that the policy response to the COVID‐19 pandemic by all levels of government around the world is not consistent with recommendations from standard welfare economics. Thus, it is important to ask why such policies have been adopted. That opens the door to examining the political economy of the COVID‐19 pandemic. This requires examining the incentives and information that confront policymakers and voters and the institutional environments that shape their incentives and information. This lead article frames questions addressed in the remainder of the symposium.

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The Federal Reserve's response to the COVID‐19 contraction: An initial appraisal

Cited by 23 publications

References 23 publications

Innovation Opportunity and Challenge of Standardization in Response to COVID-19 Pandemic and the Socio-Economic Impact: A Case Study in Indonesia

Innovation Opportunity and Challenge of Standardization in Response to COVID-19 Pandemic and the Socio-Economic Impact: A Case Study in Indonesia

The redistributive politics of monetary policy

The political economy of theCOVID‐19 pandemic

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