Financing and managing epidemiological-economic crises: Are we ready for another outbreak?

Labib Shami; Teddy Lazebnik

doi:10.1016/j.jpolmod.2023.02.003

Financing and managing epidemiological-economic crises: Are we ready for another outbreak?

Research output: Contribution to journal › Article › peer-review

Abstract

An epidemiological-economic crisis presents countries with two significant challenges, in addition to the health challenge - a growing deficit due to fiscal policy measures, and a shortage of essential workers needed to manage the crisis successfully. In this study, we propose an outline for economic readiness in case of a future crisis in general, and a pandemic outbreak in particular. Through the establishment of a dedicated income-based tax-financed budget aimed at funding government excess expenditure during a crisis, and by adopting a reserve program in the essential sector of the economy, social and economic costs can be reduced.

Original language	English
Pages (from-to)	74-89
Number of pages	16
Journal	Journal of Policy Modeling
Volume	45
Issue number	1
DOIs	https://doi.org/10.1016/j.jpolmod.2023.02.003
State	Published - 1 Jan 2023
Externally published	Yes

Bibliographical note

Publisher Copyright:
© 2023 The Society for Policy Modeling

Keywords

Crisis Management
Epidemics
Fiscal Policy
Macroeconomic Policy

ASJC Scopus subject areas

Economics and Econometrics

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

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10.1016/j.jpolmod.2023.02.003

Cite this

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title = "Financing and managing epidemiological-economic crises: Are we ready for another outbreak?",

abstract = "An epidemiological-economic crisis presents countries with two significant challenges, in addition to the health challenge - a growing deficit due to fiscal policy measures, and a shortage of essential workers needed to manage the crisis successfully. In this study, we propose an outline for economic readiness in case of a future crisis in general, and a pandemic outbreak in particular. Through the establishment of a dedicated income-based tax-financed budget aimed at funding government excess expenditure during a crisis, and by adopting a reserve program in the essential sector of the economy, social and economic costs can be reduced.",

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N2 - An epidemiological-economic crisis presents countries with two significant challenges, in addition to the health challenge - a growing deficit due to fiscal policy measures, and a shortage of essential workers needed to manage the crisis successfully. In this study, we propose an outline for economic readiness in case of a future crisis in general, and a pandemic outbreak in particular. Through the establishment of a dedicated income-based tax-financed budget aimed at funding government excess expenditure during a crisis, and by adopting a reserve program in the essential sector of the economy, social and economic costs can be reduced.

AB - An epidemiological-economic crisis presents countries with two significant challenges, in addition to the health challenge - a growing deficit due to fiscal policy measures, and a shortage of essential workers needed to manage the crisis successfully. In this study, we propose an outline for economic readiness in case of a future crisis in general, and a pandemic outbreak in particular. Through the establishment of a dedicated income-based tax-financed budget aimed at funding government excess expenditure during a crisis, and by adopting a reserve program in the essential sector of the economy, social and economic costs can be reduced.

KW - Crisis Management

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KW - Fiscal Policy

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Financing and managing epidemiological-economic crises: Are we ready for another outbreak?

Abstract

Bibliographical note

Keywords

ASJC Scopus subject areas

UN SDGs

Access to Document

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