Time of event

Day 1: 09:00-12:20 Tokyo time
Day 2: 11:30-14:50 Tokyo time
Day 3: 12:50-18:10 Tokyo time


Central banks have been at the forefront of COVID-19 response and recovery policies. The effective transmission of monetary policy to the real economy in response to pandemic shocks is highly uncertain, however. In addition, how fiscal and monetary policies complement each other and can be efficiently implemented and monitored is not well understood and requires further research.

This ADBI-Asia-Pacific Applied Economics Association (APAEA) virtual conference highlighted new research examining monetary policy transmission during the COVID-19 pandemic, monetary policy spillovers and financial stability risks, monetary and fiscal policy coordination, and other related issues, with a focus on Asia and the Pacific. The conference also featured a panel discussion with senior officials from central banks in the region on monetary policy lessons learned due to the pandemic.

  • Examine monetary policy transmission and effectiveness in the face of COVID-19
  • Discuss pandemic-related monetary policy challenges faced by central banks, including financial stability risks
  • Describe complementarities with fiscal policy responses and the coordination of monetary and fiscal policy during the pandemic, as well as prudential policy
  • Central bankers and other policy makers
  • Experts from think tanks, universities, and international organizations
  • Interested members of the public
  • Improved understanding of monetary policy transmission during the pandemic and its interaction with fiscal policy
  • Presentation slides and other event materials to be made publicly available on this event page
  • Research papers featured during the workshop will be considered for publication in a special issue of Emerging Markets Finance and Trade and in the ADBI Working Paper Series
  • Asia-Pacific Applied Economics Association

Event Contact