COVID-19: macroeconomic dimensions in the developing world

Tony Addison, Kunal Sen and Finn Tarp

No wp-2020-74, WIDER Working Paper Series from World Institute for Development Economic Research (UNU-WIDER)

Abstract: The COVID-19 pandemic represents an unprecedented global crisis. The task for economic policy is to help keep people alive, enterprises afloat, and households out of poverty. The pandemic has macroeconomic dimensions. First, it affects macroeconomic stability and growth. Second, the tools of macroeconomic policy—fiscal and monetary policy together with debt management and exchange rate policy—must deal with the economic shock. Simultaneously, policy makers must find fiscal space to fund health, social protection, and livelihood support.

Keywords: Commodities; COVID-19; Debt; Growth; Inequality; Macroeconomic policy; Poverty (search for similar items in EconPapers)
Date: 2020
New Economics Papers: this item is included in nep-mac and nep-pke
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