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The economics of COVID-19 pandemic: A survey

Rakesh Padhan and K.P. Prabheesh

Economic Analysis and Policy, 2021, vol. 70, issue C, 220-237

Abstract: Through a survey of the literature on the economics of the coronavirus (COVID-19) pandemic, this study explores the effects of the pandemic and proposes potential policy directions to mitigate its effects. Our survey reveals that adverse economic effects have been observed due to the COVID-19 pandemic in addition to fatalities. Furthermore, the survey indicates the need for greater coordination at national and international levels. This study concludes by suggesting coordination among monetary, macroprudential, and fiscal policies (trio) to mitigate the adverse economic effects of COVID-19. Finally, this study explores potential directions for future research.

Keywords: COVID-19; Pandemics; Monetary policy; Fiscal policy; Macroprudential policy (search for similar items in EconPapers)
JEL-codes: E0 E52 E58 G18 H30 (search for similar items in EconPapers)
Date: 2021
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DOI: 10.1016/j.eap.2021.02.012

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