Aufsatz in Zeitschrift
Government Interventions during the Coronavirus Pandemic – A Critical Consideration
Florian W. Bartholomae, Eva Stumpfegger
ifo Institute, Munich, 2021
CESifo Forum 22 (5), 37-42
ifo Institute, Munich, 2021
CESifo Forum 22 (5), 37-42
The coronavirus pandemic poses major challenges for governments. Especially in the beginning when news of the virus was breaking, information about the virus was limited.
Many minor (e.g., facemasks) and major (e.g., curfews) restrictions were implemented to contain the virus. However,
the German government failed at presenting a clear and targeted strategy, which led to confusing and overwhelmingly
detailed regulations that did not entail suitable cost-benefit
considerations. Many costs occurred as a consequence of the
measures that were instituted (e.g., government aid for forced
shop and restaurant closures). In addition, asymmetric interventions severely impacted the economic structure of and the
careers, for example, those in the hospitality industry. We suggest that the government focus on more general recommendations for action based on sound information, which would
then provide an appropriate framework for the markets.
Enthalten in Zeitschrift bzw. Sammelwerk
CESifo Forum 05/2021: Winners and Losers of Energy and Climate Policy – How Can the Costs Be Redistributed?
ifo Institute, Munich, 2021