THE ROLE MONETARY POLICY IN DRIVING POST-PANDEMIC ECONOMIC GROWTH
Abstract
This study aims to analyze the role of monetary policy in driving economic growth post-COVID-19 pandemic by reviewing the effectiveness of monetary instruments in restoring macroeconomic stability. Using a qualitative approach with the library research method, this study examines various literature from journals, books, and official reports related to interest rate policies, liquidity, and monetary stimulus in developing countries, especially Indonesia. The results of the analysis show that expansionary monetary policy is able to accelerate economic recovery, although its effectiveness depends on financial system stability and fiscal policy coordination. The implications of this study emphasize the importance of adaptive and inclusive monetary policy reform in the face of global economic uncertainty.
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