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Full Description
This book focuses on the recovery and new normal in a post-Covid scenario, drawing important lessons from the pandemic and proposing new ideas for sustainable development, endogenous dynamism, and inclusive growth. The book presents different ideas and perspectives about the present and the future, reflecting on four main fields of our economic reality: macroeconomics, governments, technology, and society. It discusses important topics for future economic scenarios, beginning with an estimation of the economic consequences of the absence of an equitable distribution of vaccines. Further topics discussed include the government's debts sustainability, the probability of an inflation/deflation or of a stagflation scenario, as well as the impact of US and European economic policies on economic growth.
The book further investigates the economic costs of the pandemic, which have fallen most heavily on those least able to bear them. It examines governments subsidies, which supported people and firms through wage subsidies, unemployment benefits, and other fiscal measures, and discusses the question of whether more investment in health care, education, and other public services will still be needed. In a time of immense change and global challenges, this book is a must-read for scholars, researchers, and students of economics, as well as policy-makers interested in a better understanding of economic growth, energy, environment, migration, development, digital transformation, and demography.
Contents
Chapter 1. Creating an Epistemic Community: The Experience of the Villa Mondragone International Economic Seminar.- Chapter 2. Will the EU Grow Faster Than in the Past Decade After Covid-19?.- Chapter 3. Covid-19 and the Golden Rule of Social Distancing.- Chapter 4. The New European Industrial Policy and the Case of 'pharmaceuticals and Biotechnology' Industry.- Chapter 5. Assessing Next Generation EU.- Chapter 6. Globalisation in Europe: Consequences for the Business Environment and Future Patterns in Light of Covid-19.- Chapter 7. A Framework for a New Nature-based Economic Paradigm.- Chapter 8. Public Policies and Long-run Growth in a Model with Environmental Degradation.- Chapter 9. Distributional Effects of Monetary Policy.- Chapter 10. The Covid-19 Shock and a Fiscal-monetary Policy Mix in a Monetary Union.- Chapter 11. Policy Mix During a Pandemic Crisis: A Review of the Debate on Monetary and Fiscal Responses and the Legacy for the Future.- Chapter 12. Next Generation EU, GreenDeal and Sustainable Growth.
