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Assessing ASEAN Economic Policy Responses in a Pandemic

Author

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  • Zulkhibri, Muhamed
  • Sinay, Joy Blessilda

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.

Suggested Citation

  • Zulkhibri, Muhamed & Sinay, Joy Blessilda, 2020. "Assessing ASEAN Economic Policy Responses in a Pandemic," MPRA Paper 108789, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:108789
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    File URL: https://mpra.ub.uni-muenchen.de/108789/1/MPRA_paper_108789.pdf
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    References listed on IDEAS

    as
    1. Robert J. Barro & José F. Ursúa & Joanna Weng, 2020. "The Coronavirus and the Great Influenza Pandemic: Lessons from the “Spanish Flu” for the Coronavirus’s Potential Effects on Mortality and Economic Activity," NBER Working Papers 26866, National Bureau of Economic Research, Inc.
    2. repec:aei:rpaper:1008560098 is not listed on IDEAS
    3. Robert J. Barro & José F. Ursua & Joanna Weng, 2020. "The Coronavirus and the Great Influenza Epidemic - Lessons from the "Spanish Flu" for the Coronavirus's Potential Effects on Mortality and Economic Activity," CESifo Working Paper Series 8166, CESifo.
    Full references (including those not matched with items on IDEAS)

    Citations

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    Cited by:

    1. Ionela Voinea, 2020. "The banking system of emerging economies in Asia against the background of COVID-19. Case study – the ASEAN area," Journal of Financial Studies, Institute of Financial Studies, vol. 9(5), pages 134-146, November.

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    More about this item

    Keywords

    ASEAN; Regional Integration; Covid-19; Economic Policy;
    All these keywords.

    JEL classification:

    • E3 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles
    • E6 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook
    • F5 - International Economics - - International Relations, National Security, and International Political Economy
    • F6 - International Economics - - Economic Impacts of Globalization

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