The economic impacts of the COVID-19 crisis present novel dimensions with respect to the consequences that materialized after the Great Recession. They are also equally or even more heterogeneous across firms and regions. Pre-existing weaknesses have influenced the short-term trajectories of recovery of firms and regions and will be key for their response to the challenges of the new global equilibria and of the digitalization of the economy. A significant discontinuity in the pandemic economic policy response has been noted vis-à-vis the austerity measures that characterized the policy paradigm in the 2000s. An evidence-based approach is needed to couple the unprecedent resources allocated with tangible, inclusive, and timely impacts.
Firms, Cities, and Regions in the Economic Policy Response to COVID-19
Martino, RobertoWriting – Original Draft Preparation
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2023-01-01
Abstract
The economic impacts of the COVID-19 crisis present novel dimensions with respect to the consequences that materialized after the Great Recession. They are also equally or even more heterogeneous across firms and regions. Pre-existing weaknesses have influenced the short-term trajectories of recovery of firms and regions and will be key for their response to the challenges of the new global equilibria and of the digitalization of the economy. A significant discontinuity in the pandemic economic policy response has been noted vis-à-vis the austerity measures that characterized the policy paradigm in the 2000s. An evidence-based approach is needed to couple the unprecedent resources allocated with tangible, inclusive, and timely impacts.I documenti in IRIS sono protetti da copyright e tutti i diritti sono riservati, salvo diversa indicazione.
