Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/215777 
Year of Publication: 
2020
Series/Report no.: 
BoF Economics Review No. 2/2020
Publisher: 
Bank of Finland, Helsinki
Abstract: 
The main problem facing policymakers during the corona virus pandemic is how to mitigate its humanitarian and economic costs. Doing so invariably involves trading off some costs against others as well as short-term against longer-term consequences. We provide an overview of economic literature that is relevant for understanding these trade-offs in the context of the current pandemic. We also discuss a range of fiscal measures that can be adopted with the aim of achieving the preferred trade-offs at lowest cost.
Subjects: 
pandemics
economic costs
COVID-19
fiscal policy
JEL: 
H12
H81
I18
Persistent Identifier of the first edition: 
Document Type: 
Research Report

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