Abdelkafi Ines, Loukil Sahar, Romdhane YossraBen
URAMEF, ESC, University of Sfax, Sfax, Tunisia.
ARTIGE, FSEG, University of Sfax, Sfax, Tunisia.
J Knowl Econ. 2022 Feb 16:1-20. doi: 10.1007/s13132-021-00889-5.
The purpose of this article is to analyze the impact of COVID-19 pandemic on inflation and exchange rate volatility and to study the government measures implemented in order to support economies. Based on monthly data from January to September 2020 for 10 countries, the dynamic panel data model is used to study the effect of COVID-19 spread. The results reveal that high infections negatively affect exchange rate and inflation; the responses of governments increase inflation and result in a lower exchange rate. In fact, providing health protocols which entered the countries into a new economic and financial crisis since economic agents could not freely engage in economic activities. Therefore, policy makers in both regions should invest in health infrastructure to improve the capacity of the national health system to resist the epidemic of contagious diseases.
本文旨在分析新冠疫情对通货膨胀和汇率波动的影响,并研究政府为支持经济而实施的措施。基于2020年1月至9月10个国家的月度数据,采用动态面板数据模型研究新冠疫情传播的影响。结果显示,高感染率对汇率和通货膨胀有负面影响;政府的应对措施加剧了通货膨胀并导致汇率下降。事实上,由于经济主体无法自由开展经济活动,实施卫生协议使各国陷入了新的经济和金融危机。因此,两个地区的政策制定者都应投资于卫生基础设施,以提高国家卫生系统抵御传染病疫情的能力。