Fiscal Policy and the Post-COVID-19 Recovery

Neil Shearing, Chatham House|

Photo by Markus Winkler on Unsplash

This paper examines the fiscal challenges policymakers across the globe face in the context of COVID-19, in particular the dilemmas around the eventual withdrawal of exceptional state support to economies once vaccination programs start to bring the pandemic under control. The paper reviews the risks of both premature and delayed policy normalization, and proposes an approach to guide the transition to a post-COVID-19 world in which economic resilience will be paramount.


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