Once the great lockdown is lifted: Post covid-19 options for the economy

Jozef M. Ritzen

Once the great lockdown is lifted: Post covid-19 options for the economy

Jozef M. Ritzen

Research output: Working paper / Preprint › Working paper

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Abstract

In 2021 lockdowns still will be necessary to keep COVID-19 in check world-wide. Vaccination might bring sufficient coverage by the end of 2021 for some countries. Priorities in the re-emergence of economies should be for sustainability, health, education, full employment and social cohesion to preserve long-term welfare. Pressures on Government budgets are going to rise in view of the unprecedented high public debt to GDP ratio world-wide. Increased taxation of wealth and of the top 10%-income-group is a superior strategy compared to retrenchment (budget cuts in health, education and social expenditures). International cooperation is top priority. This applies to health, but also to

Original language	English
Place of Publication	Maastricht
Publisher	UNU-MERIT
Publication status	Published - 18 Dec 2020

Publication series

Series	UNU-MERIT Working Papers
Number	057
ISSN	1871-9872

JEL classifications

e43 - Interest Rates: Determination, Term Structure, and Effects
e62 - Fiscal Policy
f18 - Trade and Environment
f23 - "Multinational Firms; International Business"
f30 - International Finance: General
g15 - International Financial Markets
h25 - Business Taxes and Subsidies including sales and value-added (VAT)
h63 - "National Debt; Debt Management; Sovereign Debt"
h74 - State and Local Borrowing
h87 - "International Fiscal Issues; International Public Goods"
i00 - Health, Education, and Welfare: General
i25 - Education and Economic Development
j20 - Demand and Supply of Labor: General
o38 - Technological Change: Government Policy
o40 - Economic Growth and Aggregate Productivity: General
o43 - Institutions and Growth
o44 - Environment and Growth
o52 - Economywide Country Studies: Europe
q58 - Environmental Economics: Government Policy
r30 - Real Estate Markets, Production Analysis, and Firm Location: General

Keywords

COVID-19
employment
economic development
environmental sustainability
social cohesion
education
health
monetary policy
long-term interest rates
conditionalities
taxation
stock market

Access to Document

fulltextFinal published version, 2.36 MBLicence: CC BY-NC-SA

https://unu-merit.nl/publications/wppdf/2020/wp2020-057.pdfLicence: CC BY-NC-SA

Cite this

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abstract = "In 2021 lockdowns still will be necessary to keep COVID-19 in check world-wide. Vaccination might bring sufficient coverage by the end of 2021 for some countries. Priorities in the re-emergence of economies should be for sustainability, health, education, full employment and social cohesion to preserve long-term welfare. Pressures on Government budgets are going to rise in view of the unprecedented high public debt to GDP ratio world-wide. Increased taxation of wealth and of the top 10\%-income-group is a superior strategy compared to retrenchment (budget cuts in health, education and social expenditures). International cooperation is top priority. This applies to health, but also to",

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N2 - In 2021 lockdowns still will be necessary to keep COVID-19 in check world-wide. Vaccination might bring sufficient coverage by the end of 2021 for some countries. Priorities in the re-emergence of economies should be for sustainability, health, education, full employment and social cohesion to preserve long-term welfare. Pressures on Government budgets are going to rise in view of the unprecedented high public debt to GDP ratio world-wide. Increased taxation of wealth and of the top 10%-income-group is a superior strategy compared to retrenchment (budget cuts in health, education and social expenditures). International cooperation is top priority. This applies to health, but also to

AB - In 2021 lockdowns still will be necessary to keep COVID-19 in check world-wide. Vaccination might bring sufficient coverage by the end of 2021 for some countries. Priorities in the re-emergence of economies should be for sustainability, health, education, full employment and social cohesion to preserve long-term welfare. Pressures on Government budgets are going to rise in view of the unprecedented high public debt to GDP ratio world-wide. Increased taxation of wealth and of the top 10%-income-group is a superior strategy compared to retrenchment (budget cuts in health, education and social expenditures). International cooperation is top priority. This applies to health, but also to

KW - COVID-19

KW - employment

KW - economic development

KW - environmental sustainability

KW - social cohesion

KW - education

KW - health

KW - monetary policy

KW - long-term interest rates

KW - conditionalities

KW - taxation

KW - stock market

M3 - Working paper

T3 - UNU-MERIT Working Papers

BT - Once the great lockdown is lifted

PB - UNU-MERIT

CY - Maastricht

ER -

Once the great lockdown is lifted: Post covid-19 options for the economy

Abstract

Publication series

JEL classifications

Keywords

Access to Document

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Cite this