Implementation of Fiscal and Monetary Policy During the COVID-19 Crisis

Abstract

Following the emergence of the global pandemic caused by COVID-19, governments have begun the process of stabilizing the shocks caused by the pandemic through macroeconomic policy id Est through fiscal policy and monetary policy. That is why it is a modern, new, and relevant topic for study. This work attempts to provide a general descriptive overview of how countries around the world have responded and continue to respond to the shock caused by the COVID-19 pandemic, in order to differentiate among policies and country types. Furthermore, this work provides insight into the relationship of fiscal and monetary policies, their interaction with inflation and the factors that determine and affect country policy responses through applying an econometric method.