What would cause an economic collapse

Economic implications of the corona crisis and economic policy measures

World Health Organization (2020), Report of the WHO-China Joint Mission on Coronavirus Disease 2019 (COVID-19), 16.-24. February.

Wren-Lewis, S. (2020), The economic effects of a pandemic, mainly macro blog, March 2nd, https: //mainlymacro.blogspot.com/2020/03/the-economic-effects-of-pandemic.html? Utm_source = feedburner & utm_medium = twitter & utm_campaign = Feed: + MainlyMacro + (mainly + macro (April 8, 2020 ).

Title: Economic Implications of the Corona Crisis and Economic Policy Measures

Abstract: The corona crisis started in China and had great consequences for public health and the economy. In the meantime, high and rapidly growing numbers of cases of infections with SARS-CoV-2 have also been recorded in Japan, Korea, Italy, Germany, Great Britain, France, Spain and above all in the USA. Forecasts of economic growth have been massively revised downwards and governments around the world are struggling to find the right economic policy response. This article describes basic short-term options for the German government to react to the corona shock and briefly assesses the package of measures “Schutzschirm für Arbeiter und Firmen” presented on 13 March 2020 by the German Finance Minister Olaf Scholz and the German Economics Minister Peter Altmaier.

JEL Classification: O40, I15, H12