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Timeline of Central Bank (Collins and Gagnon)

A timeline of central bank responses to the COVID-19 pandemic by Christopher G. Collins and Joseph E. Gagnon published by PIIE (2020).

“The near certainty of a major global recession means that governments must continue to harness both monetary and fiscal policy to soften the blow. Fiscal policy must do the heaviest lifting, but monetary policy can play an important role. The following timeline displays the actions taken by the central banks of the five largest economies: the US Federal Reserve (Fed), the European Central Bank (ECB), the People’s Bank of China (PBOC), the Bank of Japan (BOJ), and the Bank of England (BOE)…”

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