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Is this very much a matter of faith? A monetisation approach to COVID-19

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  • Antonio Focacci

Abstract

COVID-19 pandemic and resulting global economic contraction will stress all countries' fiscal frameworks raising several concerns about real and effective possibilities to deal with all deriving issues. The magnitude of shocks will surely affect the fiscal deficit and public debt in the majority of them. The sustainability and the survival of present worldwide economic system is severely tested. Through the application of the Granger causality methodology, the historical series of monetary aggregates and inflation are analysed for different countries. The goal of this empirical analysis is to support an unconventional approach to the solution of a crisis that has pervaded all nations and economic systems.

Suggested Citation

  • Antonio Focacci, 2023. "Is this very much a matter of faith? A monetisation approach to COVID-19," International Journal of Business and Systems Research, Inderscience Enterprises Ltd, vol. 17(3), pages 347-366.
    • Handle: RePEc:ids:ijbsre:v:17:y:2023:i:3:p:347-366
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    Cited by:

    1. Antonio Focacci & Angelo Focacci, 2024. "A Re-Appraisal of the Role of Monetary Policy: The Quantity Theory of Money through a Structural Vector Autoregressive Approach," JRFM, MDPI, vol. 17(8), pages 1-23, August.

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