The role of government for the non-financial corporate sector during the COVID-19 crisis

Marta Rodríguez-Vives and Celestino Giron

Economic Bulletin Articles, 2021, vol. 5

Abstract: This article looks at the government support for firms during the COVID-19 crisis in the form of subsidies, transfers, government guarantees and other forms of financing, such as loans at low interest rates and equity injections. It highlights that these government responses may substantially change the composition and dynamics of balance sheets. The article also discusses the implications of the responses for the size of government balance sheets. In addition, the phasing out of government support needs to be carefully aligned with economic and social objectives. JEL Classification: D3, E21, E52

Keywords: Balance sheets; corporate sector; government sector (search for similar items in EconPapers)
Date: 2021-08
Note: 1649295
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:ecb:ecbart:2021:0005:3

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