Chapter 4: Will the Role of Governments in the Economy Change after the Crisis?

Torben M. Andersen, Giuseppe Bertola, Clemens Fuest, Cecilia Garcia-Penalosa, Harold James and Jan-Egbert Sturm

EEAG Report on the European Economy, 2022, 59-74

Abstract: Chapter 4 investigates the future role of governments. The Covid-19 crisis has sparked a debate not only about how to revive the economy after the pandemic, but also about the need to rethink economic policy to address policy challenges such as climate change, aging, technological developments, and in­equality. Much of the debate centers on whether more or less government intervention in the economy is needed.

Date: 2022
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