Test for monetary measures of the Federal Reserve Bank (FRB): Experiences and lessons in the age of the coronavirus crisis

• Main Authors: Siljković Boris, Dedović Nedeljka, Dedović Mihailo
• Format: Article
• Language: English
• Published: Viša ekonomska škola Peć, Leposavić 2020-01-01
• Series: Ekonomski Signali
• Subjects: frb; coronavirus crisis; monetary measures; economy; production; interventions; deflation; consumpt
• Online Access: https://scindeks-clanci.ceon.rs/data/pdf/1452-4457/2020/1452-44572001107S.pdf

Coronavirus crisis from 2020 in USA is a mixture of financial and economic crisis that happened in 1929-33 and 2007-09. The body of work is permeated with attitudes in regards to the coronavirus crisis from 2020 and previous financial crisis from 2007 to 2009 by the world renowned economists and Nobel Prize winners Joseph Stiglitz and Pol Krugman and former presidents of the Federal Reserve Bank Ben Bernanke, Alen Greenspan and others. The US Federal Reserve Bank opted with a relaxed approach to the monetary politics during the coronavirus crisis - a new-old approach that they picked many times before. Current coronavirus crisis measures to the monetary politics in USA on one side will contribute to deflation while on the other side it will grow consumption and production with delay until 2021. Because of the social distancing during the coronavirus crisis, new problems emerged like the economic distancing of the USA economy, enormous debts to FRB on all levels because of emission of securities, bonds, mortgage and other form of securities which caused growth of activity of the top notch monetary institution in USA.