Pandemics, climate and public finance: how to strengthen socio-economic resilience across policy domains

Stefano Battiston, Monica Billio, Irene Monasterolo

Publication: Chapter in book/Conference proceedingChapter in edited volume

Abstract

The outbreak of COVID-19 and the containment measures are having an un-precedented socio-economic impact in the European Union (EU) and elsewhere. The policies introduced so far in the EU countries promote a ‘business as usual’ economic re-cover y. This short-term strategy may jeopardise the mid-to-long-term sustainability and financial stability objectives. In contrast, strengthening the socio-economic resilience against future pandemics, as well as other shocks, calls for recover y measures that are fully aligned to the objectives of the EU Green Deal and of the EU corporate taxation policy. Tackling these long-term objectives is not more costly than funding the current short-term measures. Remarkably, it may be the only way to build resilience to future crises.
Original languageEnglish
Title of host publicationA New World Post COVID-19 Lessons for Business, the Finance Industry and Policy Makers
Editors Billio, M., Varotto, S.
Place of PublicationISBN [ebook] 978-88-6969-442-4
Pages259 - 268
DOIs
Publication statusPublished - 2020

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