Izvorni znanstveni članak
https://doi.org/10.1080/1331677X.2022.2028176
Managing transitions for sustainable economic development in post-COVID world: do fiscal and monetary support matter?
Ren Junfeng
Ma Yechi
Panteha Farmanesh
Sana Ullah
Sažetak
The COVID-19 pandemic has proved itself to be the most disastrous global phenomenon for economies and societies all across
the world. Therefore, keeping this under consideration, this study
explores the effectiveness of the fiscal and monetary policies for
economic development in the post-COVID period, based on a
sample of the BRICS-T countries, over the time period pertaining
to 2015Q1-2021Q2. For the empirical investigation, the study has
employed the ARDL-PMG approach. The empirical findings of the
study have revealed that the fiscal policy effectively contributed
towards the economic development in the time duration of the
COVID pandemic thus far. However, the COVID-19 pandemic
shocks have also resulted in the deterioration of economic development. Our empirical results also put forth critical policy implications. Therefore, in the post-pandemic period, expedient fiscal
and monetary policies are requisites in order to achieve sustainable economic development.
Ključne riječi
Fiscal policy; monetary policy; COVID-pandemic; sustainable development
Hrčak ID:
302852
URI
Datum izdavanja:
31.3.2023.
Posjeta: 189 *