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Dealing with the costs of the COVID-19 pandemic – what are the fiscal options?

Author

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  • Ambrocio, Gene
  • Juselius, Mikael

Abstract

The main problem facing policymakers during the corona virus pandemic is how to mitigate its humanitarian and economic costs. Doing so invariably involves trading off some costs against others as well as short-term against longer-term consequences. We provide an overview of economic literature that is relevant for understanding these trade-offs in the context of the current pandemic. We also discuss a range of fiscal measures that can be adopted with the aim of achieving the preferred trade-offs at lowest cost.

Suggested Citation

  • Ambrocio, Gene & Juselius, Mikael, 2020. "Dealing with the costs of the COVID-19 pandemic – what are the fiscal options?," BoF Economics Review 2/2020, Bank of Finland.
    • Handle: RePEc:zbw:bofecr:22020
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    File URL: https://www.econstor.eu/bitstream/10419/215777/1/BoFER-2-2020.pdf
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    References listed on IDEAS

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    2. Stavros Kalogiannidis, 2021. "The Impact of COVID-19 on Human Resource Management Practices and Future Marketing," International Journal of Industrial Marketing, Macrothink Institute, vol. 6(1), pages 43-55, November.

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    More about this item

    Keywords

    pandemics; economic costs; COVID-19; fiscal policy;
    All these keywords.

    JEL classification:

    • H12 - Public Economics - - Structure and Scope of Government - - - Crisis Management
    • H81 - Public Economics - - Miscellaneous Issues - - - Governmental Loans; Loan Guarantees; Credits; Grants; Bailouts
    • I18 - Health, Education, and Welfare - - Health - - - Government Policy; Regulation; Public Health

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