Chinese and Us Economic Policies During the Covid-19 Period: Analysis of Fiscal and Monetary Policies in the Two Countries

Abstract

During the ongoing COVID-19 pandemic, which is widely regarded as one of the most significant crises in human history, both China and the United States, being prominent global economies, implemented fiscal and monetary policies that were tailored to their own national contexts. Due to the substantial scale of their governmental structures and economic systems, conducting a comparative analysis of policy efficacy between these two nations has evolved into a multifaceted subject within the field of economics. The research aims to conduct a comparative analysis of the behavior and effectiveness of macro-stimulative fiscal policies in China and the United States, specifically focusing on their linkage with the monetary policies issued by the respective central banks. The primary objective is to examine how these policies contribute to the enhancement of economic vitality in both nations. In addition to analyzing the effectiveness of these policies, this study will investigate the adverse effects of these policies on the economies of the two countries.