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Analysis of Different Macro Policies Implemented by U.S and China During the Covid-19

In: Proceedings of the 2022 2nd International Conference on Economic Development and Business Culture (ICEDBC 2022)

Author

Listed:
  • Youxu Wang

    (University of Macau, Faculty of Social Sciences, Economics Department)

  • Chen Lu

    (Zhuhai College of Jilin University, Financial Engineering, Financial Department)

  • Youjin Chen

    (Rensselaer Polytechnic Institute, School of Science)

  • Zongyuan Wu

    (University of California Irvine, School of Social Science)

  • Boyuan Wang

    (University of Science and Technology of China, School of Information Science and Technology)

Abstract

Since the outbreak of COVID-19 in February 2020, the economic operation of all the countries in the world has been greatly affected. Countries have issued many macro policies to address the adverse effects of the contraction of economic activity caused by the epidemic. Monetary policy is one of the most important macroeconomic policies for central banks in various countries to regulate economic operations. We firstly collect data to compare the loss in the two countries. Then we analyze the differences in monetary policies and effects between China and the United States under covid-19. The United States mainly used fiscal policy and introduced the quantitative easing to increase aggregate money supply, while China used various monetary policies. And we would find out those effects and benefits under different macro policies.

Suggested Citation

  • Youxu Wang & Chen Lu & Youjin Chen & Zongyuan Wu & Boyuan Wang, 2022. "Analysis of Different Macro Policies Implemented by U.S and China During the Covid-19," Advances in Economics, Business and Management Research, in: Yushi Jiang & Yuriy Shvets & Hrushikesh Mallick (ed.), Proceedings of the 2022 2nd International Conference on Economic Development and Business Culture (ICEDBC 2022), pages 1612-1622, Springer.
    • Handle: RePEc:spr:advbcp:978-94-6463-036-7_241
    DOI: 10.2991/978-94-6463-036-7_241
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