Financing and managing epidemiological-economic crises: Are we ready for another outbreak?

Labib Shami and Teddy Lazebnik

Journal of Policy Modeling, 2023, vol. 45, issue 1, 74-89

Abstract: An epidemiological-economic crisis presents countries with two significant challenges, in addition to the health challenge - a growing deficit due to fiscal policy measures, and a shortage of essential workers needed to manage the crisis successfully. In this study, we propose an outline for economic readiness in case of a future crisis in general, and a pandemic outbreak in particular. Through the establishment of a dedicated income-based tax-financed budget aimed at funding government excess expenditure during a crisis, and by adopting a reserve program in the essential sector of the economy, social and economic costs can be reduced.

Keywords: Epidemics; Macroeconomic Policy; Fiscal Policy; Crisis Management (search for similar items in EconPapers)
JEL-codes: E6 E62 H12 I1 (search for similar items in EconPapers)
Date: 2023
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (4)

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0161893823000091
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:jpolmo:v:45:y:2023:i:1:p:74-89

DOI: 10.1016/j.jpolmod.2023.02.003

Access Statistics for this article

Journal of Policy Modeling is currently edited by A. M. Costa

More articles in Journal of Policy Modeling from Elsevier
Bibliographic data for series maintained by Catherine Liu ().