Article

The Socio-Economics of Pandemics Policy

2020-06-05

Abstract excerpt

In response to the Covid-19 pandemic, governments around the world have provided a massive fiscal and monetary stimulus. While this policy is welcome in the short run, it does not address the underlying problem in the medium and long run. The reason is that the pandemic has not given rise to a generalized shortfall in aggregate demand. Rather, it has generated a Great Economic Mismatch, characterized by deficient...

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Literature Corpus work: ef7bcf2d-7866-593f-a80e-256939b3209a
DOI: 10.2139/ssrn.3618838

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