This article tests five major economies of the world, United Kingdom, Japan, Brazil, Chin and lastly, India, for the changes in the monetary policy decisions that have been implemented following the Covid-19 outbreak. The assessment was undertaken in the form of an event study analysis, further substantiated with a regression analysis conducted for exploring the significance of CPI and real GDP in predicting the policy interest rates in the economy. The results of the event study analysis presented that the abnormal changes in the interest rates were statistically significant in the case of the United Kingdom, Brazil, and China, while the abnormal changes were found to be statistically insignificant in the case of India and Japan.
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【저자키워드】 COVID-19 outbreak, monetary policy, event-study analysis, CPI, real GDP, 【초록키워드】 Brazil, India, China, outbreak, Japan, United Kingdom, Analysis, regression analysis, GDP, FIVE, Chin, conducted, changes in, statistically significant, statistically, abnormal change, 【제목키워드】 Policy, Impact, time,
【저자키워드】 COVID-19 outbreak, monetary policy, event-study analysis, CPI, real GDP, 【초록키워드】 Brazil, India, China, outbreak, Japan, United Kingdom, Analysis, regression analysis, GDP, FIVE, Chin, conducted, changes in, statistically significant, statistically, abnormal change, 【제목키워드】 Policy, Impact, time,