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Evaluation Of The Antivirus A Programme In The Czech Republic During The COVID-19 Pandemic

Author

Listed:
  • Adéla Zubíková

    (Faculty of Economics, Prague University of Economics and Business)

  • Kristýna Veselá

    (Faculty of Economics, Prague University of Economics and Business)

  • Pavel Smolák

    (Faculty of Economics, Prague University of Economics and Business)

Abstract

This paper analyses an employment support programme – the Antivirus A Programme – implemented in the Czech Republic during the COVID-19 pandemic aimed at maintaining a constant level of employment. We present this government programme in detail, including individual data related to its effectiveness and examine similar employment support programmes in other EU countries during the pandemic. We also analyse the economic development of sectors that received employment support. The main contribution of the paper is the creation of a counterfactual scenario of unemployment and inflation rate in the Czech Republic in the absence of the Antivirus A Programme using a short-run Phillips curve concept. According to Bajgar et al. (2021), one third of Czech workers could work from home during the pandemic. We find that if these workers had not been supported by the Antivirus A Programme, Czech taxpayers could have saved EUR 0.15 billion and inflation rate could have been reduced (based on our short-run Phillips curve model) by 0.66–0.99 p.p. for the entire duration of the Antivirus A Programme depending on the choice of assumptions related to the possibility of working from home.

Suggested Citation

  • Adéla Zubíková & Kristýna Veselá & Pavel Smolák, 2023. "Evaluation Of The Antivirus A Programme In The Czech Republic During The COVID-19 Pandemic," International Journal of Economic Sciences, European Research Center, vol. 12(1), pages 161-188, May.
    • Handle: RePEc:aop:jijoes:v:12:y:2023:i:1:p:161-188
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    References listed on IDEAS

    as
    1. Milan Bedná?, 2018. "Southern Countries of the European Union in a Debt Trap: What Options Are on the Table?," International Journal of Economic Sciences, International Institute of Social and Economic Sciences, vol. 7(2), pages 1-34, November.
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    2. Adéla Zubíková & Kristýna Veselá & Pavel Smolák, 2023. "Evaluation Of The Antivirus A Programme In The Czech Republic During The COVID-19 Pandemic," International Journal of Economic Sciences, European Research Center, vol. 12(1), pages 178-205, May.

    More about this item

    Keywords

    Antivirus A Programme; COVID-19 pandemic; unemployment; fiscal policy; government intervention; short-run Phillips curve;
    All these keywords.

    JEL classification:

    • E24 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
    • E65 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Studies of Particular Policy Episodes
    • J33 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Compensation Packages; Payment Methods

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