The economic crisis triggered by the COVID-19 pandemic was different from a typical recession. Governments had intentionally restricted activity in significant parts of the economy to reduce the in-person interactions that might spread the virus. As a consequence, businesses that were productive and profitable in February 2020 were in grave danger of bankruptcy just weeks later. Recognizing this, governments in advanced economies provided various types of support to aid business continuity and preserve worker-firm links. In this volume, we present preliminary evidence on the efficacy and efficiency of a number of these fiscal interventions. We do so through a comparative lens, by studying the different decisions reached by policymakers in eight Organisation of Economic Co-operation and Development member states: Australia, Canada, France, Germany, Italy, Spain, the Netherlands, and the United Kingdom.
- ISBN10 0844750492
- ISBN13 9780844750491
- Publish Date 15 February 2023
- Publish Status Transferred
- Publish Country US
- Imprint AEI Press
- Format Paperback
- Pages 274
- Language English