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THE COVID-19 PANDEMIC AND ITS ECONOMIC, SOCIAL, AND POLITICAL IMPACTS

Author
Ustaoğlu, Murat
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Abstract
The rapid spread of COVID-19 virus in the world has impacted a great deal upon social and economic life as well, causing elements of uncertainties that threaten the human health. For this reason, some economists argue that global economy is moving fast towards a state of crisis. It is now necessary to assess the efficiency of the fiscal policies to address a potential crisis in the presence of pessimistic scenarios because the structural differences between developing and developed economies affect the efficiency of the fiscal/monetary instruments. To better identify the more effective fiscal policy for Turkish economy, a fiscal multiplier calculation was performed, followed by the trend of change in the multiplier since 1960, concluding that government spending is more effective policy in addressing the approaching crisis. Based on the findings, ideal fiscal policies were recommended.
URI
http://hdl.handle.net/20.500.12627/4110
http://iupresswork.com/data/kitaplar/COVID-19-EN.pdf
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  • Kitapta Bölüm [13988]

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Creative Commons Lisansı

İstanbul Üniversitesi Akademik Arşiv Sistemi (ilgili içerikte aksi belirtilmediği sürece) Creative Commons Alıntı-GayriTicari-Türetilemez 4.0 Uluslararası Lisansı ile lisanslanmıştır.

DSpace software copyright © 2002-2016  DuraSpace
Contact Us | Send Feedback
Theme by 
Atmire NV