An Economic Policy Exit Strategy from the Corona Lockdown
Michael Hüther and Hubertus Bardt External Publication 16. April 2020 An Economic Policy Exit Strategy from the Corona Lockdown
The fight against the coronavirus pandemic has led to an insulation of social and economic life and will have considerable economic consequences. Important areas of the industry and service sectors were partially or completely shutdown.
The fight against the coronavirus pandemic has led to an insulation of social and economic life and will have considerable economic consequences. Important areas of the industry and service sectors were partially or completely shutdown.
A resumption of activity should happen as soon as possible, once the medical pre-conditions have been established and are met. This requires a clear exit strategy and following several steps to return to previous welfare and growth data levels. After securing survival during this crisis via various liquidity lines and bridging loans, the economy’s restart requires the relaunch of public infrastructure, especially of schools and kindergartens. To facilitate a coordinated and synchronised restart of complex industrial value chains, we need clear signals on a planned schedule. A tax policy driven departure signal and a demandside focused growth programme could make an important contribution to a new economic dynamic after the crisis.
Acceptance of Parliamentary Procedures in the Light of Individual Problem Perception
A lively democracy thrives on the struggle between different interest groups for majority opinion on specific issues. Though the institutionalised process of balancing interests and hearing opposing points of view takes time, acceptance of these parliamentary ...
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