EconPapers    
Economics at your fingertips  
 

THE GERMAN MODEL FOR MANAGEMENT OF THE PANDEMIC CRISIS: GOOD PRACTICE LESSONS AND BUDGET IMPLICATIONS OF THE ADOPTED MEASURES

Ana-Cristina Bȃlgăr

Euroinfo, 2020, vol. 4, issue 2, 51-64

Abstract: Since the very onset of the coronavirus pandemic, the German national government adopted a wide range of measures designed to protect the population health by drastically limiting social contact and partly discontinuing economic activity, in order to slow down the spreading of the virus and avoid a possible collapse of the healthcare system. This swift and decisive response of the federal authorities, embodied in a well-targeted strategy, was combined with the amplest economic rescue package in the country’s post-war history, which made Germany the world leader in terms of effectiveness of government measures adopted for combatting the effects of the crisis generated by the Covid-19 epidemic. In the context described, the present paper aims to review the measures adopted by Germany to combat the epidemic and limit the economic effects of the subsequent crisis, while also pointing out the budget impact of these measures and the need to abandon the traditional federal policy focused on maintaining a balanced budget.

Keywords: Germany; Covid-19 crisis; economic policy measures; response measures to the Covid-19 pandemic (search for similar items in EconPapers)
JEL-codes: E62 G28 I18 (search for similar items in EconPapers)
Date: 2020
References: Add references at CitEc
Citations: Track citations by RSS feed

Downloads: (external link)
http://www.iem.ro/rem/index.php/euroinfo/article/view/756/840 (text/html)

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:iem:eurinf:v:4:y:2020:i:2:p:51-64

Access Statistics for this article

Euroinfo is currently edited by Simona Moagar Poladian, PhD

More articles in Euroinfo from Institute for World Economy, Romanian Academy Contact information at EDIRC.
Bibliographic data for series maintained by Ionela Baltatescu ().

 
Page updated 2020-07-28
Handle: RePEc:iem:eurinf:v:4:y:2020:i:2:p:51-64