Paresh Narayan, Monash University

Monetary policies and their associated challenges have become a focal point of policy debates amid growing global uncertainties. These uncertainties encompass environmental and climate risks such as natural disasters, health crises including the ongoing pandemic, geopolitical tensions, and financial instability. Recent extreme events, including the pandemic and escalating regional conflicts, have amplified these challenges, fueling debates without clear consensus on policies that work effectively across different countries or regions.

This special issue conference aims to explore key monetary policy issues and challenges faced by policymakers in this environment of heightened uncertainty and assess the effectiveness of various policy responses. The current landscape calls for prudent monetary interventions and a reexamination of the interplay between fiscal and monetary policies to achieve economic stability and growth.

The global pandemic has prompted unprecedented monetary policy actions, yet their effectiveness remains unclear. This conference seeks to evaluate these responses and offer insights into actionable and effective solutions for navigating uncertainties.

Selected papers from the international conference planned for September 29th, 2025 that meet the quality expectations of Applied Economics will be published in this special issue. The special issue will be guest edited by Professor Paresh Narayan.

Potential topics

• The effectiveness of monetary policy rules, and monetary-fiscal policy coordination
• Factors that influence the effectiveness of policies
• How global factors such as financial technologies, natural disasters, terrorism, trade wars, trade agreements, and climate change influence monetary policy
• Endogenous growth models and monetary policy
• Financial cycles and monetary policy
• Business cycles and monetary policy
• Monetary policies and implications for financial market performance
• Economic uncertainties and monetary policy
• Energy insecurity and monetary policy
• Convergence of monetary policies in emerging markets
• Corporate performance, risk management, portfolio diversification, and trading strategies impacted by monetary policies

Timeline

• September 1, 2025: Manuscript submission deadline for conference
• September 29, 2025: International conference date
• June 1, 2026: Expected publication date
• December 1, 2026: Manuscript deadline for journal special issue