The Economy on Ice: Meeting the Economic Challenges during and after the COVID-19 Crisis
10 Pages Posted: 31 Mar 2020
Date Written: March 29, 2020
The purpose of this article is twofold. Firstly, it argues that it is doubtful that the currently announced policies will achieve their targets while they create substantial obstacles to the recovery of the post-crisis economy. Secondly, it proposes an alternative plan that its aim is (a) to ensure that everyone in the UK has the means to survive the crisis and, (b) to facilitate economic recovery by preserving the productive capacity of the economy and, hence, its ability to sustain a high employment rate.
Keywords: COVID-19, Central Bank Policy, Incomes Policy
JEL Classification: E58, E64, H51
Suggested Citation: Suggested Citation