COVID-19 Infection Curve Flattens, Now Getting into the Monetary Policy Changes

• Main Authors: Radoniqi URAN, Konxheli Radoniqi DRITA
• Format: Article
• Language: English
• Published: Dunarea de Jos University of Galati 2020-05-01
• Series: Annals of Dunarea de Jos University. Fascicle I : Economics and Applied Informatics
• Subjects: economic crisis; inflation; deflation; western balkans; european union; usa; pandemic
• Online Access: http://www.eia.feaa.ugal.ro/images/eia/2020_1/Uran_Drita.pdf

COVID-19 created a situation in which each nation was under pressure to implement strategies in order to stop the spreading of virus and to save human beings life. In the other hand economic activities, financial markets and private sector were collapsing. The lockdown has stopped almost every economic activity, but the nations could not think about healthy economies without healthy people. The end of April and the beginning of May brought the flat curve of COVID-19 infections and the eyes immediately turned up into the monetary policy changes. This study will analyze and will present the monetary policy changes taken from USA and European Union to recover economy from the COVID-19. A focus will be given also to the proposal economic assistance from EU to Western Balkans Countries to combat COVID-19. The study concludes that deflation must be avoided during COVID-19 economic crisis.