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

Labib Shami, Teddy Lazebnik

Research output: Contribution to journalArticlepeer-review


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 languageEnglish
Pages (from-to)74-89
Number of pages16
JournalJournal of Policy Modeling
Issue number1
StatePublished - 1 Jan 2023
Externally publishedYes

Bibliographical note

Publisher Copyright:
© 2023 The Society for Policy Modeling


  • Crisis Management
  • Epidemics
  • Fiscal Policy
  • Macroeconomic Policy

ASJC Scopus subject areas

  • Economics and Econometrics


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