Munich Personal RePEc Archive

Commentaries on the Global Fiscal Consequences of the COVID-19 Pandemic: The Good, the Bad, the Unknown, and the Way Forward

Raheem, Ibrahim (2021): Commentaries on the Global Fiscal Consequences of the COVID-19 Pandemic: The Good, the Bad, the Unknown, and the Way Forward.

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Abstract

The COVID-19 Pandemic has thrown the hitherto global fragile economy into an unprecedented level of uncertainty. In an attempt to douse the pandemic's negative consequences, governments have resorted to the use of myriad fiscal policies to stimulate the economy. The global fiscal responses have been greeted with mixed feelings. There are three sides to the fiscal responses. While one side favours governments' responses, another group has identified the negative consequences of such actions. The last side is neither in support nor against governments' actions but rather enumerates some unclear issues. This study aims to run a commentary on the consequences of government fiscal responses to the COVID-19 pandemic. We also offer a roadmap for the post-pandemic era.

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