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Economic Implications of the COVID-19 Pandemic
The chapter explores the potential economic impacts of the COVID-19 pandemic on a global scale, discussing factors such as the role of central banks in providing liquidity, stock market rallies driven by accommodation, and prospects of a V-shaped recovery with massive stimulus. It delves into the challenges of combatting inflation, transitioning to a direct helicopter money approach, and the potential economic consequences of injecting liquidity into the economy.