The rebirth of Keynes during the COVID-19 pandemics - a theoretical approach
The global COVID-19 pandemic caused a severe blow to the world economy, bringing the biggest economic downturn since the Great Depression. This economic downturn was accompanied by various controversies regarding the role of the state in the economy. To withstand these shocks, most of the states...
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| Format: | Article |
| Language: | English |
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Alexandru Ioan Cuza University of Iasi
2022-01-01
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| Series: | CES Working Papers |
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| Online Access: | https://ceswp.uaic.ro/articles/CESWP2021_XIII4_NAM.pdf |
| _version_ | 1819281035371741184 |
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| author | Ardit NAMANI |
| author_facet | Ardit NAMANI |
| author_sort | Ardit NAMANI |
| collection | DOAJ |
| description | The global COVID-19 pandemic caused a severe blow to the world economy, bringing the biggest
economic downturn since the Great Depression. This economic downturn was accompanied by
various controversies regarding the role of the state in the economy. To withstand these shocks, most
of the states started to use fiscal stimulus measures. The main purpose of this paper is to present the
effects that COVID-19 caused on the world economy, as well as to review Keynes's ideas regarding
the need for state intervention in the economy. The results of the study show that many countries have
used monetary and fiscal stimulus measures to cope with the negative effects caused by the COVID19 pandemic. Thus, Keynes's ideas for state intervention in the economy are still relevant and
necessary in today’s economy, until the number of people infected with COVID-19 decreases and the
economy reopens completely as it was before.
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| first_indexed | 2024-12-24T00:53:17Z |
| format | Article |
| id | doaj.art-6cac295ac39d4e89b3062c1d443287d8 |
| institution | Directory Open Access Journal |
| issn | 2067-7693 |
| language | English |
| last_indexed | 2024-12-24T00:53:17Z |
| publishDate | 2022-01-01 |
| publisher | Alexandru Ioan Cuza University of Iasi |
| record_format | Article |
| series | CES Working Papers |
| spelling | doaj.art-6cac295ac39d4e89b3062c1d443287d82022-12-21T17:23:32ZengAlexandru Ioan Cuza University of IasiCES Working Papers2067-76932022-01-01XIII4347366The rebirth of Keynes during the COVID-19 pandemics - a theoretical approachArdit NAMANI0MSc alumni at the University of Prishtina, Postal Code: 10000, KosovoThe global COVID-19 pandemic caused a severe blow to the world economy, bringing the biggest economic downturn since the Great Depression. This economic downturn was accompanied by various controversies regarding the role of the state in the economy. To withstand these shocks, most of the states started to use fiscal stimulus measures. The main purpose of this paper is to present the effects that COVID-19 caused on the world economy, as well as to review Keynes's ideas regarding the need for state intervention in the economy. The results of the study show that many countries have used monetary and fiscal stimulus measures to cope with the negative effects caused by the COVID19 pandemic. Thus, Keynes's ideas for state intervention in the economy are still relevant and necessary in today’s economy, until the number of people infected with COVID-19 decreases and the economy reopens completely as it was before. https://ceswp.uaic.ro/articles/CESWP2021_XIII4_NAM.pdffiscal policymonetary policycovid-19state interventioneconomy |
| spellingShingle | Ardit NAMANI The rebirth of Keynes during the COVID-19 pandemics - a theoretical approach CES Working Papers fiscal policy monetary policy covid-19 state intervention economy |
| title | The rebirth of Keynes during the COVID-19 pandemics - a theoretical approach |
| title_full | The rebirth of Keynes during the COVID-19 pandemics - a theoretical approach |
| title_fullStr | The rebirth of Keynes during the COVID-19 pandemics - a theoretical approach |
| title_full_unstemmed | The rebirth of Keynes during the COVID-19 pandemics - a theoretical approach |
| title_short | The rebirth of Keynes during the COVID-19 pandemics - a theoretical approach |
| title_sort | rebirth of keynes during the covid 19 pandemics a theoretical approach |
| topic | fiscal policy monetary policy covid-19 state intervention economy |
| url | https://ceswp.uaic.ro/articles/CESWP2021_XIII4_NAM.pdf |
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