COVID-19: what are the best measures to prevent a wider economic crisis? : macroeconomics and human behavior : a temporal and territorial comparative analysis

Abstract

COVID-19 has brought an unprecedented crisis full of uncertainty, and no handbook exists to present institutional bodies the best measures to mitigate it. This paper’s main objective is to analyze the specific measures that public institutions are to implement to prevent the aggravation of this recession, which has been caused by an exogenous shock. Being aware of the novelty this crisis presents, this paper is not only based on what analysts argue, but also on the lessons that the world has learned from precedent economic crises, as well as the behavioral response individuals might undertake.