The pandemic nature of the Coronavirus requires effective measures. Public health measures to control the spread of the disease and support vulnerable businesses are among the most important measures in this regard. On the other hand, restrictions on movement and economic activity have created challenges in the response of governments against this pandemic, which in turn has affected the role and performance of the government. In the present study, a dynamic stochastic general equilibrium model has been used to analyze the role of government under these conditions. The results of the survey of hands-on policies scenarios compared to the state of hands-off policy indicate that the shocks of government health expenditures have caused the faster convergence of macroeconomic variables to steady state conditions. Therefore, as a proposed policy, it is recommended that the government play a stabilizing role under pandemic disease conditions.
Rafei, M., Keshavarzi, A., & Esmaeili, P. (2022). The Effect of Government Fiscal Responses on the Dynamics of Macroeconomic Variables under Pandemic Disease Conditions. Iranian Economic Review, (), -. doi: 10.22059/ier.2022.88415
MLA
Meysam Rafei; Ali Keshavarzi; Parisa Esmaeili. "The Effect of Government Fiscal Responses on the Dynamics of Macroeconomic Variables under Pandemic Disease Conditions". Iranian Economic Review, , , 2022, -. doi: 10.22059/ier.2022.88415
HARVARD
Rafei, M., Keshavarzi, A., Esmaeili, P. (2022). 'The Effect of Government Fiscal Responses on the Dynamics of Macroeconomic Variables under Pandemic Disease Conditions', Iranian Economic Review, (), pp. -. doi: 10.22059/ier.2022.88415
VANCOUVER
Rafei, M., Keshavarzi, A., Esmaeili, P. The Effect of Government Fiscal Responses on the Dynamics of Macroeconomic Variables under Pandemic Disease Conditions. Iranian Economic Review, 2022; (): -. doi: 10.22059/ier.2022.88415
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