IDEAS home Printed from https://ideas.repec.org/p/fda/fdapop/2020-22.html
   My bibliography  Save this paper

Informes del Grupo de Trabajo Mixto Covid-19. The economic consequences of Covid in Spain and how to deal with them

Author

Listed:
  • Angel de la Fuente
  • Anna Balletbó
  • José Luis Bonet
  • José E. Boscá
  • Santiago Carbó
  • José Ignacio Conde-Ruiz
  • Ginés de Rus
  • Juan del Alcázar
  • José Ramón Díez
  • Rafael Doménech
  • Florentino Felgueroso
  • Enric Fernández
  • María Fernández
  • Javier Ferri
  • José Ignacio García Pérez
  • Marcel Jansen
  • Juan Francisco Jimeno
  • Alejandra Kindelán
  • Julio López Laborda
  • José María Marín Vigueras
  • Clara Eugenia Núñez
  • Jorge Onrubia
  • Luis Puch
  • Juan Pablo Riesgo
  • Diego Rodríguez
  • Sofía Rodríguez
  • Javier Santillán
  • Jorge Sicilia
  • Eva Valle
  • Javier Vega de Seoane
  • Xavier Vives

Abstract

This paper focuses on the economic consequences of the Covid pandemic in Spain and on what should be done to mitigate them. After briefly describing the channels through which the virus affects economic activity, we provide some data on the evolution of output and employment during the pandemic and on its incidence on public finances. In the final part of the paper we discuss the main measures that have been taken to mitigate the economic consequences of the health crisis and conclude with some reflections on what else should be done. We emphasize the need to build a broad social and political consensus on the key elements of economic policy over the next few years and outline a strategy to deal with the crisis that combines short and long-term measures to speed up the recovery and set the foundations for future growth.

Suggested Citation

  • Angel de la Fuente & Anna Balletbó & José Luis Bonet & José E. Boscá & Santiago Carbó & José Ignacio Conde-Ruiz & Ginés de Rus & Juan del Alcázar & José Ramón Díez & Rafael Doménech & Florentino Felgu, 2020. "Informes del Grupo de Trabajo Mixto Covid-19. The economic consequences of Covid in Spain and how to deal with them," Policy Papers 2020-22, FEDEA.
  • Handle: RePEc:fda:fdapop:2020-22
    as

    Download full text from publisher

    File URL: https://documentos.fedea.net/pubs/fpp/2020/11/FPP2020-22.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Olivier J Blanchard & Thomas Philippon & Jean Pisani-Ferry, 2020. "A new policy toolkit is needed as countries exit COVID-19 lockdowns," Policy Briefs PB20-8, Peterson Institute for International Economics.
    2. Angel de la Fuente, 2020. "El impacto de la crisisdel Covid sobre el PIB de las CCAA en 2020:una primera aproximación," Fedea Economy Notes 2020-14, FEDEA.
    3. Ángel de la Fuente, 2020. "Evolución por sectores de la afiliación, el empleo y ciertas prestaciones durante la crisis del Covid," Fedea Economy Notes 2020-11, FEDEA.
    4. Angel De la Fuente, 2020. "España | Impacto de la COVID-19 sobre el PIB de las CCAA en 2020: una primera aproximación [Spain | Impact of COVID-19 on the GDP of the Spanish regions in 2020: an initial estimate]," Working Papers 20/14, BBVA Bank, Economic Research Department.
    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. Florentino Felgueroso & Angel de la Fuente & José E. Boscá & Joan Costa i Font & Rafael Doménech & Javier Ferri & José I. García Pérez & Sergi Jiménez & Diego Rodríguez & Analía Viola, 2020. "Aspectos económicos de la crisis del Covid-19. Boletín de seguimiento nº2," Studies on the Spanish Economy eee2020-14, FEDEA.
    2. Florentino Felgueroso & Angel de la Fuente, 2021. "Aspectos económicos de la crisis del Covid-19. Boletín de seguimiento no. 10," Studies on the Spanish Economy eee2021-14, FEDEA.
    3. Florentino Felgueroso & Ángel de la Fuente, 2021. "Aspectos económicos de la crisis del Covid‑19. Boletín de seguimiento no. 11," Studies on the Spanish Economy eee2021-24, FEDEA.
    4. Florentino Felgueroso & Angel de la Fuente & Marcel Jansen, 2020. "Aspectos económicos de la crisis del Covid-19. Boletín de seguimiento no. 6," Studies on the Spanish Economy eee2020-30, FEDEA.
    5. Florentino Felgueroso & Angel de la Fuente, 2020. "Aspectos económicos de la crisis del Covid-19. Boletín de seguimiento no. 7," Studies on the Spanish Economy eee2020-36, FEDEA.
    6. Florentino Felgueroso & Angel de la Fuente, 2020. "Aspectos económicos de la crisis del Covid-19. Boletín de seguimiento no. 8," Studies on the Spanish Economy eee2020-44, FEDEA.
    7. Florentino Felgueroso & Angel de la Fuente & José E. Boscá & Rafael Doménech & Javier Ferri & Marcel Jansen & Jorge Onrubia, 2021. "Aspectos económicos de la crisis del Covid-19. Boletín de seguimiento no. 9," Studies on the Spanish Economy eee2021-09, FEDEA.
    8. Alberto Martin & Sergio Mayordomo & Victoria Vanasco, 2023. "Banks vs. firms: who benefits from credit guarantees?," Economics Working Papers 1862, Department of Economics and Business, Universitat Pompeu Fabra, revised Dec 2023.
    9. Brunhart, Andreas & Geiger, Martin, 2023. "Stützungsmassnahmen für die Wirtschaft in Liechtenstein während der Corona-Pandemie: Eine abschliessende Evaluation," EconStor Research Reports 273324, ZBW - Leibniz Information Centre for Economics.
    10. Piotr Lasak, 2021. "The Commercial Banking Sector in Eurozone after the Pandemic: The Paths to Recovery," European Research Studies Journal, European Research Studies Journal, vol. 0(Special 1), pages 1233-1246.
    11. Sass, Magdolna & Gál, Zoltán & S. Gubik, Andrea & Szunomár, Ágnes & Túry, Gábor, 2022. "A koronavírus-járvány kezelése a külföldi tulajdonú magyarországi vállalatoknál [The effects and handling of the Covid-19 pandemic by foreign-owned firms in Hungary]," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), vol. 0(6), pages 758-780.
    12. Olivier Gonzalez & Anne-Marie Rieu-Foucault, 2021. "Health crisis: In response to the health crisis, large French groups adjusted their spending and contained their net financial debt in 2020 [Face à la crise sanitaire, les grands groupes ont ajusté," Bulletin de la Banque de France, Banque de France, issue 238.
    13. Pierre-Olivier Gourinchas, 2021. "Jackson Hole 2021 - Fiscal Policy and Uneven Shocks," Proceedings - Economic Policy Symposium - Jackson Hole, Federal Reserve Bank of Kansas City, August.
    14. Marco Pagano & Josef Zechner, 2022. "COVID-19 and Corporate Finance [The risk of being a fallen angel and the corporate dash for cash in the midst of COVID]," Review of Corporate Finance Studies, Oxford University Press, vol. 11(4), pages 849-879.
    15. Angel de la Fuente & Anna Balletbó & José Luis Bonet & José E. Boscá & Santiago Carbó & José Ignacio Conde-Ruiz & Ginés de Rus & Juan del Alcázar & José Ramón Díez & Rafael Doménech & Florentino Felgu, 2020. "Informe Final del Grupo de Trabajo Mixto Covid-19: POR UN PACTO POLÍTICO Y SOCIAL EN TORNO A UNA ESTRATEGIA DE REACTIVACIÓN Y CRECIMIENTO INCLUSIVOS (versión abreviada)," Policy Papers 2020-18, FEDEA.
    16. Díez, Federico J. & Duval, Romain & Maggi, Chiara, 2022. "Supporting SMEs during COVID-19: The case for targeted equity injections," Economics Letters, Elsevier, vol. 219(C).
    17. Thomas Philippon, 2020. "Efficient Programs to Support Businesses During and After Lockdowns," NBER Working Papers 28211, National Bureau of Economic Research, Inc.
    18. Polo, Andrea & Altavilla, Carlo & Ellul, Andrew & Pagano, Marco & Vlassopoulos, Thomas, 2021. "Loan Guarantees, Bank Lending and Credit Risk Reallocation," CEPR Discussion Papers 16727, C.E.P.R. Discussion Papers.
    19. Angel de la Fuente & Anna Balletbó & José Luis Bonet & José E. Boscá & Santiago Carbó & José Ignacio Conde-Ruiz & Ginés de Rus & Juan del Alcázar & José Ramón Díez & Rafael Doménech & Florentino Felgu, 2020. "Informe Final del Grupo de Trabajo Mixto Covid-19: POR UN PACTO POLÍTICO Y SOCIAL EN TORNO A UNA ESTRATEGIA DE REACTIVACIÓN Y CRECIMIENTO INCLUSIVOS," Policy Papers 2020-19, FEDEA.
    20. Ángel de la Fuente & Benito Arruñada & Nuria Bermejo & Olga Cerqueira & Marta Cervera Martínez & José M. Fernández Seijo & Marta Flores Segura & Francisco Garcimartin & Stefan F. van Hemmen & Jordi Ma, 2021. "¿Cómo ayudar a las empresas en la crisis del Covid?," Policy Papers 2021-05, FEDEA.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    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:fda:fdapop:2020-22. 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: Carmen Arias (email available below). General contact details of provider: https://www.fedea.net .

    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.