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Aggregate demand; aggregate supply; COVID-19; coronavirus; fiscal policy; monetary stimulus; central banks; government; crisis; recovery; demand-side; supply-side
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Full-Text Articles in Political Economy
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 …