Biographies of the Speakers Click to view
Conference Flyer Click to view
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
Summary
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.
Objectives
- 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
Participants
- Central bankers and other policy makers
- Experts from think tanks, universities, and international organizations
- Interested members of the public
Output
- 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
Partner
- Asia-Pacific Applied Economics Association
Conference Presentations*
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Remarks on Emerging Markets Finance and Trade Journal Special Issue |
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Are Emerging Markets Ready for the Fed Normalization? |
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Session 1. Paper 1: US Monetary Policy Spillovers in Asia and the Pacific |
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Session 1. Paper 1: US Monetary Policy Spillovers in Asia and the Pacific |
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Session 1. Paper 2: The Effect of COVID-19 Pandemic on Monetary Policy Transmission to Financial Markets in Bangladesh |
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Session 1. Paper 2: The Effect of COVID-19 Pandemic on Monetary Policy Transmission to Financial Markets in Bangladesh |
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Session 1. Paper 3: Monetary Policies and Financial Stress during the COVID-19 Pandemic: An Event Analysis Study |
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Session 1. Paper 3: Monetary Policies and Financial Stress during the COVID-19 Pandemic: An Event Analysis Study |
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Inflation: Now and in the 1970s |
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Session 2. Paper 1: Does the COVID-19 Shock Imperil Central Bank Credibility? Evidence from Japan |
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Session 2. Paper 1: Does the COVID-19 Shock Imperil Central Bank Credibility? Evidence from Japan |
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Session 2. Paper 2: Firm Quality Dynamics and the Slippery Slope of Credit Intervention |
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Session 2. Paper 2: Firm Quality Dynamics and the Slippery Slope of Credit Intervention |
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Monetary-Fiscal Policy Coordination Before and After the COVID-19 Pandemic |
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Session 3. Paper 3: The COVID-19 Pandemic on Exchange Rate Responses and Spillovers in Indonesia |
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Session 3. Paper 3: The COVID-19 Pandemic on Exchange Rate Responses and Spillovers in Indonesia |
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Session 4. Paper 4: Effects of Emerging Market Quantitative Easing Programs on Financial Markets |
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Session 4. Paper 4: Effects of Emerging Market Quantitative Easing Programs on Financial Markets |
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Session 4. Paper 1: COVID-19, Asset Markets, and Capital Flows |
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Session 4. Paper 1: COVID-19, Asset Markets, and Capital Flows |
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Session 4. Paper 2: Do Financial Markets Respond to Emerging Economies Asset Purchases Programme? Evidence from the COVID-19 pandemic |
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Session 4. Paper 2: Do Financial Markets Respond to Emerging Economies Asset Purchases Programme? Evidence from the COVID-19 pandemic |
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Session 4. Paper 3: Macroeconomic Effects of COVID-19 in a Commodity-Exporting Economy: Evidence from Mongolia |
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Session 4. Paper 3: Macroeconomic Effects of COVID-19 in a Commodity-Exporting Economy: Evidence from Mongolia |
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Session 4. Paper 4: Assessing the Economic Damages from COVID-19 Containment Measures on Manufacturing and Services Industries |
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Session 4. Paper 4: Assessing the Economic Damages from COVID-19 Containment Measures on Manufacturing and Services Industries |
*Disclaimer: The views expressed in these presentations are the views of the authors and do not necessarily reflect the views or policies of the Asian Development Bank Institute (ADBI), the Asian Development Bank (ADB), its Board of Directors, or the governments they represent. ADBI does not guarantee the accuracy of the data included in these presentations and accepts no responsibility for any consequences of their use. Terminology used may not necessarily be consistent with ADB official terms.