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Shockproof and inclusive fiscal policies

Shockproof and inclusive fiscal policies

Saha, Devanik ORCID logoORCID: https://orcid.org/0000-0003-0982-085X (2023) Shockproof and inclusive fiscal policies. Report. IDS, Brighton, UK. (doi:10.19088/CORE.2023.005)

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Abstract

Research supported by the Covid-19 Responses for Equity (CORE) Programme – which is supported by the International Development Research Centre (IDRC) – has revealed some emerging lessons and recommendations to address these challenges and improve the resilience of countries to future shocks. One of the first and foremost recommendations is for countries to invest strongly in social protection and health-care systems for its citizens, which would help build their resilience for future shocks. Adopting free trade policies and avoiding protectionism has also been an important lesson from the pandemic. Another key lesson is to employ a gender lens to fiscal and monetary policies as women have been disproportionately affected by the pandemic. Countries should also adopt expansionary monetary and fiscal policies as far as possible to increase the demand. Finally, countries also need to strengthen their financial institutions and mechanisms and reduce political interference, that would help maintain the asset quality of the banking sector

Item Type: Monograph (Report)
Uncontrolled Keywords: COVID 19; pandemic; fiscal policies
Subjects: H Social Sciences > H Social Sciences (General)
R Medicine > RA Public aspects of medicine > RA0421 Public health. Hygiene. Preventive Medicine
Faculty / School / Research Centre / Research Group: Faculty of Education, Health & Human Sciences
Faculty of Education, Health & Human Sciences > School of Human Sciences (HUM)
Last Modified: 15 Jul 2024 13:22
URI: http://gala.gre.ac.uk/id/eprint/47573

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