Saving the Economy from Covid-19: A Preliminary Assessment of Government Rescue Plans

This paper critically discusses the rescue packages introduced by governments to counteract the economic consequences of the Covid-19 pandemic and explore the potential pathways governments can take in the near future in order to trigger sustainable and inclusive recovery.

This paper critically discusses the rescue packages introduced by governments to counteract the economic consequences of the Covid-19 pandemic and explore the potential pathways governments can take in the near future in order to trigger sustainable and inclusive recovery. It concludes that in the likely event that the pandemic continues for a prolonged period, governments will have to come up with unconventional solutions beyond pumping liquidity or boosting demand in the short run. This may include a stateled reorganisation of the entire economy. While being a major challenge, on par with war-time economic efforts, this may also be an opportunity to transform economies towards a more favourable model.

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