Assessing ASEAN Economic Policy Responses in a Pandemic

Muhamed Zulkhibri and Joy Blessilda Sinay

MPRA Paper from University Library of Munich, Germany

Abstract: Responding to the crisis, the AMS rolled out numerous fiscal stimulus packages, monetary policy and financial measures, and sector-specific measures and interventions. Business and consumer confidence across the ASEAN region diminished as the impact of the COVID-19 pandemic mounted. Amid uncertainties, the AMSneed to carry on withsystematic interventions andeconomic remedies to pushthe economy forward. Inparticular, i) continue thebroad-based fiscal stimulusand other targeted socio-economic measures; ii)ensure that firms couldreturn to their pre-COVID-19pandemic production and employment levels; iii)formulate a regional socio-economic recovery planpost-COVID-19 to facilitateregional growth; andiv)reinvigorate multilateralismto ensure global resilienceand sustainability post-COVID-19.

Keywords: ASEAN; Regional Integration; Covid-19, Economic Policy (search for similar items in EconPapers)
JEL-codes: E3 E6 F5 F6 (search for similar items in EconPapers)
Date: 2020-05
New Economics Papers: this item is included in nep-mac and nep-sea
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Published in ASEAN Policy Brief 2 (2020): pp. 1-13

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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:108789

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