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- handle: 10670/1.ksbp2y
- hal: hal-03267518
- doi: 10.1016/j.frl.2021.102060
- PII: S1544-6123(21)00141-0
- PUBMEDCENTRAL: PMC8734203
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info:eu-repo/semantics/altIdentifier/doi/10.1016/j.frl.2021.102060
http://creativecommons.org/licenses/by-nc/ , info:eu-repo/semantics/OpenAccess
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Policy rate COVID-19 Pandemic Central banksSujets proches
Biography--Youth Early life Youth and childhood Bank officersCiter ce document
Maqsood Aslam et al., « Once bitten, twice bold? Early life tragedy and central bankers’ reaction to COVID-19 », HAL-SHS : économie et finance, ID : 10.1016/j.frl.2021.102060
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Résumé
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.