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[정책] Covid-19 Impact: Fiscal and Monetary Policies in Malaysia, Singapore, and Indonesia

동남아시아 일반 국외연구자료 연구보고서 - International Journal of Academic Research in Economics and Management Sciences 발간일 : 2023-12-28 등록일 : 2024-01-12 원문링크

Following the coronavirus pandemic (COVID-19) that occurred in 2020, indirectly affected the rate of economic growth globally. The economies of Malaysia, Singapore and Indonesia have not escaped the effects of weak global demand and domestic containment measures. This study applied the three-equation model macroeconomic framework and balanced panel data to analyze fiscal and monetary policies in these countries during the COVID-19 crisis from various official agencies. The Fixed Effects Model is the appropriate model chosen to determine the role of policy. The main findings of the study show that government spending is positively significant at the 0.01 level with gross domestic product. Therefore, during the COVID-19 crisis, fiscal policy is more effective for the economic growth of Malaysia, Singapore and Indonesia. This model is consistent, stable and robust. The study also recommends sound fiscal policies and the implementation of a sustainable policy mix framework to mitigate the disruption of COVID-19.

본 페이지에 등재된 자료는 운영기관(KIEP)EMERiCs의 공식적인 입장을 대변하고 있지 않습니다.

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