Political Economy of Covid-19

<p>This comprehensive book brings together research published during 2021 analysing the impact of the Covid-19 pandemic on the economy – on output and employment on inequality and on public policy responses. </p><p>The Covid-19 pandemic has been the greatest public health crisis for a century – since the ‘Spanish Flu’ pandemic of 1919. The economic impact has been equally seismic. While it is too early to measure the full economic cost – since much of this will continue to accumulate for some time to come – it will certainly be one of the greatest global economic shocks of the past century. </p><p>Some chapters in this edited volume report on specific countries while some take a comparative look between countries and others analyse the impact upon the global economy. Even before the Covid-19 pandemic there had been calls for a ‘great reset’ in face of the climate crisis the increased income and wealth inequality and the need to avoid further global financial crisis. With the devastating Covid-19 pandemic – a harbinger for further such pandemics – there is an even greater need for a reset and for the reset to be that much greater. </p><p>The chapters in this book were originally published as special issues in the journal <i>International Review of Applied Economics.</i></p>