The economics of COVID-19 pandemic: A survey

Through a survey of the literature on the economics of the coronavirus (COVID-19) pandemic, this study explores the effects of the pandemic and proposes potential policy directions to mitigate its effects. Our survey reveals that adverse economic effects have been observed due to the COVID-19 pandemic in addition to fatalities. Furthermore, the survey indicates the need for greater coordination at national and international levels. This study concludes by suggesting coordination among monetary, macroprudential, and fiscal policies (trio) to mitigate the adverse economic effects of COVID-19. Finally, this study explores potential directions for future research. (C) 2021 Economic Society of Australia, Queensland. Published by Elsevier B.V. All rights reserved.

Automated summary

This study examines the economic effects of the COVID-19 pandemic and suggests potential policy directions to mitigate these effects. Adverse economic impacts have been observed alongside fatalities, highlighting the need for greater coordination at national and international levels. The study recommends coordination among monetary, macroprudential, and fiscal policies to address the economic challenges posed by COVID-19.