Open AccessVaccine for the Economy
Author(s) -
Shestakova Veronika
Publication year - 2020
Publication title -
performance improvement
Language(s) - English
Resource type - Journals
eISSN - 1930-8272
pISSN - 1090-8811
DOI - 10.1002/pfi.21923
Subject(s) - pandemic , covid-19 , financial crisis , world economy , business , economics , economy , economic system , political science , macroeconomics , medicine , infectious disease (medical specialty) , disease , pathology , law
Given the global pandemic and the imminent economic crisis, it is important to understand what is happening in our economy and what the consequences will be. The world is looking for a vaccine for the pandemic; however COVID‐19 has affected not only the health of people but the health of the economy, and both need to be cured. What will be the vaccine for our economy? The Federal Reserve is introducing what they consider to be stabilizing measures. However, those measures can have negative effects on our economy and the financial system in the future, and it is crucial for us to understand how and why.