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EFZG working paper series, No. 03, 2020.

Other

Vladimir Čavrak orcid id orcid.org/0000-0001-8861-3802 ; University of Zagreb, Faculty of Economics and Business

Full text: croatian pdf 816 Kb

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Abstract

The economic crisis triggered by the Covid-19 virus is unique in economic history in its mode and rate of occurrence, global coverage and consequences. The text reveals the mechanisms of the impact of health shock on the economy and the macroeconomic framework of mitigating and exiting the crisis. It uses the AS-AD macroeconomic model with vertical axis inflation for analysis. Empirical facts illustrate the case of the Republic of Croatia.

Keywords

Macroeconomic policy; Aggregate Demand; Aggregate Supply; Expectations; AS-AD model; Economic Crisis

Hrčak ID:

236781

URI

https://hrcak.srce.hr/236781

Publication date:

11.4.2020.

Article data in other languages: croatian

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