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

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

Authors
Youxu Wang1, *, Chen Lu2, Youjin Chen3, Zongyuan Wu4, Boyuan Wang5
1Faculty of Social Sciences, Economics Department, University of Macau, Macau, 999078, China
2Financial Engineering, Financial Department, Zhuhai College of Jilin University, Zhuhai, 519041, China
3School of Science, Rensselaer Polytechnic Institute, Troy, NY, 12180, USA
4School of Social Science, University of California Irvine, Irvine, CA, 92617, USA
5School of Information Science and Technology, University of Science and Technology of China, Hefei, Anhui, 230022, China
*Corresponding author. Email: sb82338@umac.mo
Corresponding Author
Youxu Wang
Available Online 31 December 2022.
DOI
10.2991/978-94-6463-036-7_241How to use a DOI?
Keywords
Real economy; Monetary policy; Comparative analysis; New monetary policy tools
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.

Copyright
© 2022 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the 2022 2nd International Conference on Economic Development and Business Culture (ICEDBC 2022)
Series
Advances in Economics, Business and Management Research
Publication Date
31 December 2022
ISBN
10.2991/978-94-6463-036-7_241
ISSN
2352-5428
DOI
10.2991/978-94-6463-036-7_241How to use a DOI?
Copyright
© 2022 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Youxu Wang
AU  - Chen Lu
AU  - Youjin Chen
AU  - Zongyuan Wu
AU  - Boyuan Wang
PY  - 2022
DA  - 2022/12/31
TI  - Analysis of Different Macro Policies Implemented by U.S and China During the Covid-19
BT  - Proceedings of the 2022 2nd International Conference on Economic Development and Business Culture (ICEDBC 2022)
PB  - Atlantis Press
SP  - 1612
EP  - 1622
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-036-7_241
DO  - 10.2991/978-94-6463-036-7_241
ID  - Wang2022
ER  -