Financial Markets and the COVID-19 Pandemic
本文综述了COVID-19疫情对金融市场的影响,包括股票和固定收益市场的关键事实、价格波动、市场失灵以及财政和货币政策的干预效果,并指出未来研究方向。
We review the literature on the impact of the COVID-19 pandemic on financial markets. We first document several key facts about equity and fixed-income markets during this period. We then discuss various literatures that analyze broad movements in prices, market dislocations, and the impact of fiscal and monetary policy interventions. We conclude by discussing potential directions for future research.