The Economic Policy Of The European Union In The Context Of The Covid 19 Crisis

The book, in collective format, aims to analyze the instruments adopted in the EU within the framework of its economic policy to deal with the pandemic. The recovery instrument and the recovery and resilience mechanism are analyzed essentially, but also other measures adopted by the European Central Bank, the European Investment Bank and the ESM (European Stability Mechanism). It is a relevant work that addresses unpublished aspects of the EU's economic policy in the context of the pandemic and the approval of the new Decision on own resources. It is a fundamental work to understand the set of measures adopted during the last two years.

This book analyses Europe’s COVID-19 response provided by governments and societies, to assess its influence on the economy from both a short- and long-term perspective. The authors argue that there are three key factors that determine how successful a given country is. The first is the determination and effectiveness of the government. The second is the capacity of states and their healthcare systems in times of crisis. The third is society’s willingness to adhere to emergency measures and to cooperate with authorities. The book examines the government policy of EU states during the pandemic; studies the behaviour of EU societies; reveals the influence of the pandemic crisis on the economy of EU states and formulates a successful strategy to counteract the challenges wrought by the pandemic. The book will appeal to scholars and researchers engaged in the fields of economic and political science, global studies and international relations. Furthermore, it will also be addressed to policy makers of European States as it contains a complex analysis of their policy responses and the corresponding impact on European economy and society.

This book offers an assessment of the different monetary and fiscal policy responses that have been implemented by national governments in major European and Asian countries faced with the Covid-19 crisis since 2020; it also deals with the case of the US experience as a benchmarking example. The book provides a comprehensive cross-country comparative study on health crisis management at the macroeconomic level. Its focus on monetary and fiscal policies across different countries in Asia, Europe and the USA makes it unique. Divided into three parts following a general introduction that sets the context of the study, the book deals with the case of the USA, EU and European countries as well as with that of key Asian countries. Of specific relevance is the European Union and euro-area contexts that serve as a framework to the different EU national monetary and fiscal policy responses. Each chapter deals with a specific country, including Italy and the UK in Europe and Singapore and South Korea in Asia, and covers the following topics: the extent of the outbreak of the public health crisis and its macroeconomic impact; the comparative examination of fiscal and monetary policy responses to both crises; and an overall assessment of the effectiveness of these policies along with the public health policy to mitigate the economic impact. Given the unprecedented nature of the Covid-19 crisis, anyone eager to know more about its macroeconomic impact and ensuing policies in a comparative framework will be keen to read this book. It will be essential reading to any researcher, policy maker and/or analyst working in the area of public policy and is also a unique contribution to the field of European studies, Asian studies and Comparative Economic Studies.

This book assesses the implications of the COVID-19 pandemic for the European Union (EU), as well as its response in dealing with an overarching, multidimensional crisis with consequences extending beyond public health safety to political, economic, legal, and institutional arenas. It argues the pandemic represents a symmetric crisis cutting across countries with different social, economic and political characteristics and which yet - despite favouring cooperative solutions at the supranational level - has largely been met with initial responses of a national, even local, nature. So, how well did the EU perform as a crisis manager in the pandemic crisis? This book will be of key interest to scholars, students and readers of crisis, pandemic and health management, European Union politics and governance.

This is an open access title available under the terms of a Creative Commons Attribution-Non Commercial-No Derivatives 4.0 International license (CC BY-NC-ND 4.0). It is free to read at Oxford Academic and offered as a free PDF download from OUP and select open access locations. During the first two years of the COVID-19 pandemic, social policy was one of the most important strategies used by governments to help mitigate the crisis. European Social Policy and the COVID-19 Pandemic: Challenges to National Welfare and EU Policy provides an encompassing and longer-term analysis of the social policy responses of European countries, as well as the European Union (EU), to the challenges of the pandemic. The book asks in which direction the European welfare states, on the one hand, and EU social policy, on the other, are developing as a result of the pandemic with respect to polity, politics, and policy instruments. European Social Policy and the COVID-19 Pandemic addresses several questions, such as what medium- and long-term effects will the current social policy crisis responses have on the different welfare states? Will the partly improvised, partly only temporary but in every respect diverse and often unprecedented measures lead to novel reform trajectories or even a new welfare state model? What new forms of international cooperation and conflict resolution mechanisms may arise within the social policy domain of the EU? The questions raised not only concern the future of welfare states in Europe but also EU-level social-policy making and European integration in general. The chapters--written by experts on law, political science, social policy, and sociology--build on various methodological backgrounds and encompass single case studies, comparative policy analyses, and discourse-analytical perspectives.

This book addresses the economic impact of the COVID-19 outbreak on Central and East European countries and examines the effect the pandemic has had on organizations in the region. It focuses on the widely understood business environment, covering companies’ responses to the crisis, the role of institutions in stabilizing markets, and the reshaping of global business trends. The book is a complex and multidimensional work that draws its roots from distinct yet simultaneously interlinked research areas. All of the chapters, whether they refer to macro-, meso-, or micro-perspectives, always highlight how crises – global and regional – change the global trends we have observed in business in the last 20 years. The book includes the most topical issues that delineate public discourse on firms’ resilience. In this way, it ‘connects the dots’ and uncovers the missing links necessary for any reader wishing to understand the specificity of contemporary companies’ responses to unexpected events such as pandemics or geopolitical crises. Further, it tackles questions such as what role institutions play in building the adaptive capacity of companies, how companies build their resilience capacity for 21st-century crises, and what the significance is of the uncertainty, the information asymmetry, and the bounded rationality concept on the company’s decision-making process. The book will find a broad audience among academics and students across diverse fields of study, as well as practitioners and policymakers. It is a key reference for all those who want to better understand the complex nature of uncertainty, crisis management, and its implications, not only for CEE countries but, first and foremost, the business environment.