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| Format: | Artículo científico |
| Language: | en |
| Published: |
Instituto Mexicano de Ejecutivos de Finanzas A.C.
2021
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| Online Access: | https://www.redalyc.org/articulo.oa?id=423771255002 https://www.redalyc.org/journal/4237/423771255002/ https://www.redalyc.org/journal/4237/423771255002/html/ https://www.redalyc.org/journal/4237/423771255002/423771255002.epub https://www.redalyc.org/journal/4237/423771255002/movil |
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Table of Contents:
- Expansionary Policy in Pandemics, a Dynamic Model Examination Leopoldo Gómez-Ramírez Alexander Villarraga-Orjuela Economía y Finanzas 19 H12 E69 H39 I18 The objective of this paper is to examine the issue of expansionary policies during the pandemic in Mexico. To do so, we use a dynamic model of the interaction between Covid-19 and economic output. We find that expansionary policies are desirable but that they alone cannot prevent the acceleration of the pandemic. We also model supplementary policies, especially public health policies, and find that in their presence expansionary economic policies can put the economy on track while simultaneously addressing the pandemic. Our analysis’s implications are straightforward: countercyclical economic policies are desirable when there are other supplementary policies. A limitation of our analysis is that it is circumscribed to the Mexican context. The paper is a novel contribution to the burgeoning literature on Covid-19 in Mexico because it is the first which formally examines the issue of expansionary policies during the pandemic. We conclude that both expansionary policies and supplementary policies are needed to achieve a sustainable recovery. 2021 artículo científico 1665-5346 https://www.redalyc.org/articulo.oa?id=423771255002 https://www.redalyc.org/journal/4237/423771255002/ https://www.redalyc.org/journal/4237/423771255002/html/ https://www.redalyc.org/journal/4237/423771255002/423771255002.epub https://www.redalyc.org/journal/4237/423771255002/movil 10.21919/remef.v16i3.622 en http://www.redalyc.org/revista.oa?id=4237 Revista Mexicana de Economía y Finanzas. Nueva Época / Mexican Journal of Economics and Finance application/pdf Instituto Mexicano de Ejecutivos de Finanzas A.C. Revista Mexicana de Economía y Finanzas. Nueva Época / Mexican Journal of Economics and Finance (México) Num.3 Vol.16