Policy Responses to COVID-19

This chapter explores the diverse policy responses to the COVID-19 pandemic by the US and European governments, including significant economic measures like travel bans and stimulus packages. It contrasts fiscal strategies employed in the US and UK, emphasizing the necessity for coordinated global economic actions to tackle the dual demand and supply shocks posed by the crisis. Additionally, the chapter underscores the importance of integrating fiscal and monetary policies to support small businesses and stimulate economic recovery amid uncertainty.