Once bitten, twice bold? Early life tragedy and central bankers’ reaction to COVID-19

Aslam, Maqsood; Farvaque, Etienne

Document type :

Article dans une revue scientifique

DOI :

10.1016/j.frl.2021.102060

Title :

Once bitten, twice bold? Early life tragedy and central bankers’ reaction to COVID-19

Author(s) :

Aslam, Maqsood [Auteur]
Lille économie management - UMR 9221 [LEM]
Farvaque, Etienne [Auteur]

Lille économie management - UMR 9221 [LEM]

Journal title :

Finance Research Letters

Pages :

102060

Publisher :

Elsevier

Publication date :

2022-01

ISSN :

1544-6123

English keyword(s) :

Policy rate
COVID-19
Pandemic
Central banks

HAL domain(s) :

Sciences de l'Homme et Société/Economies et finances

English abstract : [en]

Have negative experiences (in particular, natural disasters) that central bankers’ have known in their early life influenced monetary policy decisions in front of the COVID-19 pandemic? We answer this question using a ...
Show more >Have negative experiences (in particular, natural disasters) that central bankers’ have known in their early life influenced monetary policy decisions in front of the COVID-19 pandemic? We answer this question using a sample of 19 developing countries. We show that central bankers who experienced episodes of epidemics in their early life lowered interest rates faster and lower during the COVID-19 pandemic. Personal experience of decision-makers has contributed strongly to explain their behavior during the crisis.Show less >

Language :

Anglais

Peer reviewed article :

Oui

Audience :

Internationale

Popular science :

Non

Collections :