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The economics of COVID-19 pandemic: A survey

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  • Padhan, Rakesh
  • Prabheesh, K.P.

Abstract

Through a survey of the literature on the economics of the coronavirus (COVID-19) pandemic, this study explores the effects of the pandemic and proposes potential policy directions to mitigate its effects. Our survey reveals that adverse economic effects have been observed due to the COVID-19 pandemic in addition to fatalities. Furthermore, the survey indicates the need for greater coordination at national and international levels. This study concludes by suggesting coordination among monetary, macroprudential, and fiscal policies (trio) to mitigate the adverse economic effects of COVID-19. Finally, this study explores potential directions for future research.

Suggested Citation

  • Padhan, Rakesh & Prabheesh, K.P., 2021. "The economics of COVID-19 pandemic: A survey," Economic Analysis and Policy, Elsevier, vol. 70(C), pages 220-237.
    • Handle: RePEc:eee:ecanpo:v:70:y:2021:i:c:p:220-237
    DOI: 10.1016/j.eap.2021.02.012
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    More about this item

    Keywords

    COVID-19; Pandemics; Monetary policy; Fiscal policy; Macroprudential policy;
    All these keywords.

    JEL classification:

    • E0 - Macroeconomics and Monetary Economics - - General
    • E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy
    • E58 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Central Banks and Their Policies
    • H30 - Public Economics - - Fiscal Policies and Behavior of Economic Agents - - - General
    • G18 - Financial Economics - - General Financial Markets - - - Government Policy and Regulation

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