Publication:
Macro-Financial Implications of the COVID-19 Pandemic

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dc.contributor.authorUtz, Robert
dc.contributor.authorFeyen, Erik
dc.contributor.authorVazquez Ahued, Francisco
dc.contributor.authorNie, Owen
dc.contributor.authorMoon, Jisung
dc.date.accessioned2020-06-22T15:12:26Z
dc.date.available2020-06-22T15:12:26Z
dc.date.issued2020-04-01
dc.description.abstractThis paper examines the macro-financial implications of the COVID-19 pandemic. The pandemic represents a massive macro-economic demand and supply shock with significant adverse ramifications for global economic growth, employment, and poverty and demands an unprecedented response by national policy makers and international organizations. Prior to the outbreak of the pandemic, many economies already displayed increased macro-financial vulnerabilities in the form of high levels of debt of households, businesses, and the public sector, secular stagnation of economic growth, and an extended period of quantitative easing and low interest rates. The economic impact of the pandemic in the form of a global recession due to social distancing measures, losses of revenue and income for households, businesses, and the public sector, increased public spending to manage the health impacts, contain the pandemic, and protect vulnerable businesses, households, state-owned enterprises, and public entities adds significantly to pre-existing macro-financial vulnerabilities. Managing these vulnerabilities will be critical for a resilient recovery from the COVIC-19 pandemic, requiring a range of short- and medium term macro-financial policy measures.en
dc.identifierhttp://documents.worldbank.org/curated/en/428531592796638957/Macro-Financial-Implications-of-the-COVID-19-Pandemic
dc.identifier.doi10.1596/33955
dc.identifier.urihttps://hdl.handle.net/10986/33955
dc.languageEnglish
dc.publisherWorld Bank, Washington, DC
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo
dc.subjectFINANCIAL RISK
dc.subjectMACROECONOMIC MANAGEMENT
dc.subjectCORONAVIRUS
dc.subjectCOVID-19
dc.subjectPANDEMIC RESPONSE
dc.subjectECONOMIC GROWTH
dc.subjectPUBLIC EXPENDITURE
dc.subjectMACRO-FINANCIAL POLICY
dc.subjectFISCAL POLICY
dc.subjectDEBT
dc.titleMacro-Financial Implications of the COVID-19 Pandemicen
dc.typeWorking Paperen
dc.typeDocument de travailfr
dc.typeDocumento de trabajoes
dspace.entity.typePublication
okr.crossref.titleMacro-Financial Implications of the COVID-19 Pandemic
okr.date.disclosure2020-06-21
okr.doctypePublications & Research::Working Paper
okr.doctypePublications & Research
okr.docurlhttp://documents.worldbank.org/curated/en/428531592796638957/Macro-Financial-Implications-of-the-COVID-19-Pandemic
okr.guid428531592796638957
okr.identifier.doi10.1596/33955
okr.identifier.externaldocumentum090224b087a8e385_1_0
okr.identifier.internaldocumentum32149039
okr.identifier.report149835
okr.importedtrueen
okr.language.supporteden
okr.pdfurlhttp://documents.worldbank.org/curated/en/428531592796638957/pdf/Macro-Financial-Implications-of-the-COVID-19-Pandemic.pdfen
okr.topicPublic Sector Development::Public Sector Economics
okr.topicHealth, Nutrition and Population::Disease Control & Prevention
okr.topicHealth, Nutrition and Population::Public Health Promotion
okr.topicMacroeconomics and Economic Growth::Economic Growth
okr.topicMacroeconomics and Economic Growth::Fiscal & Monetary Policy
okr.topicMacroeconomics and Economic Growth::Macroeconomic Management
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