FISCAL POLICY AND THE LABOUR MARKET DURING CRISIS

Veniamin Todorov

INTERNATIONAL SCIENTIFIC AND PRACTICAL CONFERENCE "HUMAN RESOURCE MANAGEMENT", 2020, issue 1, 180-189

Abstract: The study investigates the fiscal policy response to the economic crisis, caused by the COVID-19 pandemic, and in particular, the fiscal stimuli connected with the labour market. Although fiscal packages in different countries are discussed, the main focus is on the fiscal policy in Bulgaria. The paper constructs an overall framework for understanding the functional relationships between the different fiscal measures and the labour market indicators, especially unemployment. It includes the fiscal mechanisms for labour market impact planned in advance the previous year, as well as the ad hoc measures implemented till August 2020. The latter are categorized as: 1) fiscal measures aimed at labour demand, 2) fiscal measures aimed at labour supply, and 3) fiscal measures improving the institutional operation of the labour market.

Keywords: fiscal policy; labour market; unemployment (search for similar items in EconPapers)
JEL-codes: E24 E62 E64 J23 (search for similar items in EconPapers)
Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:vrn:hrmsnr:y:2020:i:1:p:180-189

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