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Fiscal policies in times of the Covid-19 pandemic: The case of G-7 countries and Turkey
The Covid-19 pandemic has affected millions of people around the world and it has had a devastating impact on economies both in developed and developing countries. Most of the countries in the world have implemented various fiscal measures in order to alleviate the negative economic effects of this...
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Published in: | Maliye çalışmaları dergisi : (Online) 2020-02, Vol.2020 (64), p.1-14 |
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Main Authors: | , |
Format: | Article |
Language: | English |
Subjects: | |
Online Access: | Get full text |
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Summary: | The Covid-19 pandemic has affected millions of people around the world
and it has had a devastating impact on economies both in developed
and developing countries. Most of the countries in the world have
implemented various fiscal measures in order to alleviate the negative
economic effects of this pandemic since its beginning. These measures
resulted in a mild economic recovery during the summer months.
However, as the weather becomes colder the number of cases and deaths
have started to increase again (Worldometer, 2020). Since there is still not
a definitive cure or a vaccine which prevents the Covid-19 pandemic it
is not easy to predict when the pandemic will be over. As long as the
Covid-19 pandemic continues most countries will probably experience
economic contraction and fiscal policy will be a key tool in order to ease
the negative effects of the pandemic on economies. This paper analyses
fiscal policies implemented up to now in G-7 countries and Turkey in
response to the Covid-19 pandemic. |
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ISSN: | 2757-6396 2757-6728 |
DOI: | 10.26650/mcd2020-825171 |