TY - JOUR
T1 - Financing and managing epidemiological-economic crises
T2 - Are we ready for another outbreak?
AU - Shami, Labib
AU - Lazebnik, Teddy
N1 - Publisher Copyright:
© 2023 The Society for Policy Modeling
PY - 2023/1/1
Y1 - 2023/1/1
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
KW - Epidemics
KW - Fiscal Policy
KW - Macroeconomic Policy
UR - http://www.scopus.com/inward/record.url?scp=85147884568&partnerID=8YFLogxK
U2 - 10.1016/j.jpolmod.2023.02.003
DO - 10.1016/j.jpolmod.2023.02.003
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AN - SCOPUS:85147884568
SN - 0161-8938
VL - 45
SP - 74
EP - 89
JO - Journal of Policy Modeling
JF - Journal of Policy Modeling
IS - 1
ER -