Responses of International Central Banks to the Covid-19 Crisis

113 Pages Posted: 24 Nov 2020 Last revised: 14 Oct 2021

See all articles by Jacob Haas

Jacob Haas

Federal Reserve Banks - Federal Reserve Bank of St. Louis

Christopher J. Neely

Federal Reserve Bank of St. Louis - Research Division

William R. Emmons

Federal Reserve Bank of St. Louis - Banking Supervision and Regulation; Washington University in St. Louis

Date Written: October 1, 2020

Abstract

This article reviews and explains the recent policy reactions of the Federal Reserve, the European Central Bank, the Bank of England, and the Bank of Japan to the financial and macroeconomic turmoil caused by the COVID-19 pandemic. The financial and monetary policy actions of major central banks in the most recent crisis have, by some metrics, surpassed their responses to the Global Financial Crisis of 2007-09 in both swiftness and scope.

JEL Classification: E44, E58, E59, G01, G15

Suggested Citation

Haas, Jacob and Neely, Christopher J. and Emmons, William R., Responses of International Central Banks to the Covid-19 Crisis (October 1, 2020). Available at SSRN: https://ssrn.com/abstract=3736262 or http://dx.doi.org/10.20955/r.102.339-84

Jacob Haas (Contact Author)

Federal Reserve Banks - Federal Reserve Bank of St. Louis ( email )

411 Locust St
Saint Louis, MO 63011
United States

Christopher J. Neely

Federal Reserve Bank of St. Louis - Research Division ( email )

411 Locust St
Saint Louis, MO 63011
United States
314-444-8568 (Phone)
314-444-8731 (Fax)

HOME PAGE: http://www.stls.frb.org/research/econ/cneely/

William R. Emmons

Federal Reserve Bank of St. Louis - Banking Supervision and Regulation ( email )

411 Locust St
Saint Louis, MO 63011
United States

Washington University in St. Louis ( email )

One Brookings Drive
Campus Box 1208
Saint Louis, MO MO 63130-4899
United States

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