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Full-Text Articles in Public Economics
The Roaring Twenties After Covid-19: Revisiting The Evidence For Europe, Alessio Terzi
The Roaring Twenties After Covid-19: Revisiting The Evidence For Europe, Alessio Terzi
Journal of New Finance
Inspired by conspicuous historical parallels, some scholars and journalists have recently postulated that GDP growth and productivity might boom in the aftermath of the Covid-19 pandemic. This paper reviews the evidence for and against the ‘Roaring 20s’ hypothesis, concluding that some countries might experience a forceful economic expansion, possibly fuelled by pent-up demand, compounding a successful digital and green transition, or leveraging an export-led model. However, a strong prolonged economic bonanza is unlikely to materialise evenly across the EU. An uneven recovery would acquiesce imbalances within the Union, and especially the euro area. As such, policymakers should avoid complacency, and …
Monetary And Fiscal Policies In The Covid-19 Crisis. Will They Work?, Daniel Lacalle
Monetary And Fiscal Policies In The Covid-19 Crisis. Will They Work?, Daniel Lacalle
Journal of New Finance
The spread and mortality rate of the COVID-19 virus has created enormous strains on global healthcare systems and driven governments to take extreme measures to contain the virus, including the lock down of most citizens and shutting down most economic sectors. Due to these unique challenges and coming from an economy that was weak already in 2018 and 2019, the world faces a global crisis of unprecedented impact and high uncertainty about the recovery process. In this paper, we analyze how the world economy is addressing the COVID-19 pandemic. We start with the situation of the main economic regions at …