IDEAS home Printed from
   My bibliography  Save this article

The rebirth of Keynes during the COVID-19 pandemics - a theoretical approach


  • Ardit NAMANI

    (MSc alumni at the University of Prishtina, Postal Code: 10000, Kosovo)


The global COVID-19 pandemic caused a severe blow to the world economy, bringing the biggest economic downturn since the Great Depression. This economic downturn was accompanied by various controversies regarding the role of the state in the economy. To withstand these shocks, most of the states started to use fiscal stimulus measures. The main purpose of this paper is to present the effects that COVID-19 caused on the world economy, as well as to review Keynes's ideas regarding the need for state intervention in the economy. The results of the study show that many countries have used monetary and fiscal stimulus measures to cope with the negative effects caused by the COVID19 pandemic. Thus, Keynes's ideas for state intervention in the economy are still relevant and necessary in today’s economy, until the number of people infected with COVID-19 decreases and the economy reopens completely as it was before.

Suggested Citation

  • Ardit NAMANI, 2022. "The rebirth of Keynes during the COVID-19 pandemics - a theoretical approach," CES Working Papers, Centre for European Studies, Alexandru Ioan Cuza University, vol. 13(4), pages 347-366, January.
  • Handle: RePEc:jes:wpaper:y:2022:v:13:i:4:p:347-366

    Download full text from publisher

    File URL:
    Download Restriction: no

    References listed on IDEAS

    1. Roger W. Spencer, 1975. "Inflation, unemployment, and Hayek," Review, Federal Reserve Bank of St. Louis, vol. 57(May), pages 6-10.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Denis O’Brien, 2014. "Hayek in the history of economic thought," Chapters, in: Roger W. Garrison & Norman Barry (ed.), Elgar Companion to Hayekian Economics, chapter 2, pages 11-46, Edward Elgar Publishing.


    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:jes:wpaper:y:2022:v:13:i:4:p:347-366. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Alupului Ciprian (email available below). General contact details of provider: .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.