COVID-19 Easing Monetary Policy and Expected Consequences of Credit Guarantee to SMEs

Authors

  • Naoyuki YOSHINO Professor Emeritus, Keio University and Director of Financial Research Center at FSA, Government of Japan Author
  • Hideki NAGAI Researcher, Financial Research Center at FSA, Government of Japan Author

DOI:

https://doi.org/10.47363/JESMR/2021(2)132

Keywords:

COVID-19, monetary policy

Abstract

Introduction The purpose of this paper is to examine easing monetary policy after COVID-19 in comparison to monetary policy after the bubble in Japan and the US. Significant increases in base money after COVID-19 can be observed in many developed countries, and this may cause bubbles in the future.

Author Biographies

  • Naoyuki YOSHINO, Professor Emeritus, Keio University and Director of Financial Research Center at FSA, Government of Japan

    Professor Emeritus, Keio University and Director of Financial Research Center at FSA, Government of Japan

  • Hideki NAGAI, Researcher, Financial Research Center at FSA, Government of Japan

    Researcher, Financial Research Center at FSA, Government of Japan

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Published

2021-07-31

Issue

Vol. 2 No. 3 (2021): Volume 2 Issue 3

Section

Articles