Aufsatz in Zeitschrift
Pandemics, Payments and Fiscal Policy: Lessons from Four Years after the Outbreak of Covid-19
Gerome Wolf
CESifo, Munich, 2024
EconPol Forum 25 (2), 61-67
CESifo, Munich, 2024
EconPol Forum 25 (2), 61-67
- Existing and well-functioning e-commerce markets and electronic payment systems improve pandemic performance by providing an effective layer of protection against contagious diseases
- Covid-19 caused a major reallocation shock to consumer spending
- Revolving credit is an effective though underutilized instrument for consumption smoothing during times of economic slack
- Generous fiscal support incentivized social distancing stronger and longer and had heterogeneous effects across the wealth distribution