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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. 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.
    3. repec:aei:rpaper:1008560098 is not listed on IDEAS
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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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    Keywords

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    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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