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Publication . Article . 2021

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

Maqsood Aslam; Etienne Farvaque;
Open Access
Published: 20 Apr 2021
Publisher: HAL CCSD
Country: France
International audience; 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.
Subjects by Vocabulary

Medical Subject Headings: humanities

Microsoft Academic Graph classification: Interest rate media_common.quotation_subject media_common History Development economics Tragedy (event) Coronavirus disease 2019 (COVID-19) Pandemic Monetary policy Natural disaster Early life Developing country


COVID-19, Pandemic, Central banks, Policy rate, [SHS.ECO]Humanities and Social Sciences/Economics and Finance, Article, Finance

Related to Research communities
Social Science and Humanities
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