EU monetary and fiscal policy responses to the COVID-19 crisis
Abstract: The COVID-19, or, the coronavirus crisis represents an unprecedented global threat in recent history that, as symmetric external shock, affects social and economic dynamics of different countries and regions on both macro and micro levels. The aim of the paper is to provide a critical overview of economic policy responses to the ongoing crisis in the EU and, in particular, the eurozone. The paper tends to answer the question whether proposed monetary and fiscal actions provide feasible risk mitigating tools for the ongoing crisis or are there some viable policy actions that are omitted?
Sažetak: Kriza izazvana kovidom 19 ili koronavirusom predstavlja globalnu pretnju bez presedana u skorijoj istoriji koja, kao simetričan eksterni šok, utiče na društvenu i ekonomsku dinamiku različitih zemalja i regiona kako na makro, tako i na mikro nivou. Cilj ovoga rada jeste da pruži kritički osvrt na odgovore ekonomske politike na tekuću krizu u EU i, posebno, u evrozoni. U radu se teži odgovoriti na pitanje da li predložene monetarne i fiskalne aktivnosti pružaju adekvatan instrumentarijum za smanjenje rizika tokom tekuće krize ili su neki održivi potezi politika izostavljeni?
engleski
2021
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Keywords: COVID-19, monetary and fiscal responses, eurozone
Ključne reči: kovid 19, odgovori monetarne i fiskalne politike, evrozona