The Economy on Ice - Meeting the economic challenges during and after the COVID-19 crisis

Publication date: 1 Apr 2020 | Publication type: Policy Paper | NIESR Author(s): Bougheas | JEL Classification: E58, E64, H51

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.

Keyword tags: 
COVID-19
Central Bank Policy
Incomes Policy