Impact of Public Health Emergencies on Money Supply,Risk Transmission and Management Response——A Case Study of COVID-19
The unique infectivity,destructiveness and uncertainty of public health emergencies have brought great challenges to social and economic development.The governments and monetary authorities have introduced corresponding fiscal and monetary policies to hedge the risk impact.The rapid spread of the novel coronavirus pneumonia epidemic at the beginning of 2020 has made the global economy convulsion.In this context,how to effectively adjust money supply,prevent and resolve systemic financial risks,and ensure steady economic operation has become a major issue affecting our overall economic development.Therefore,based on the vector autoregressive model,this paper investigates the impact of public health emergencies represented by the novel coronavirus outbreak on money supply.Based on systematic empirical research and theoretical analysis,this paper puts forward relevant suggestions to improve the macro-governance and response mechanism of public health emergencies and risk prevention countermeasures,so as to promote economic development and social stability.
public health emergenciesmoney supplyrisk transmission COVID-19
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