|제목||48권 2호 Perspectives on Macroeconomic Policy Issues in the Post-Covid-19 Era|
Perspectives on Macroeconomic Policy Issues in the Post-Covid-19 Era
At the onset of the COVID-19 crisis, most major economies could conduct large- scale expansionary fiscal polices thanks to the ultra-low interest rate environment. As such, the prospect of sustained expansionary fiscal policy to help economic recover after the COVID-19 critically depends on the movements of global interest rates going forward. This paper overviews the extent to which major economies increased debt levels in fighting against the COVID-19, and discusses the implications of the recent steep rise in US CPI inflation rate and the likely US monetary policy normalization.
Keywords COVID-19․fiscal policy․government debt․borrowing costs․US inflation․US monetary policy
|이전글||48권 1호 Technical Innovation and Export Activities of Small and Medium-Sized Firms in Korea|
|다음글||48권 2호 Controversy over the Global Corporate Minimum Tax, Tax on the Wealthy, and their Implications|