MACMILLAN Macroeconomic Responses to the COVID-19 Pandemic: Policies from Southeast Europe

From the Back Cover This book examines economic policies utilized within Southeast Europe in response to the COVID-19 pandemic. Covering countries both within and outside the European Union, the human and economic cost of the pandemic is calculated using macroeconomic models from a short and longer term perspective. The economic policies used during the pandemic are analyzed, alongside crisis management approaches, to highlight the effectiveness of monetary policy, fiscal policies and potential future economic solutions for the post COVID-19 period. This book aims to provide policy recommendations based on findings from Southeast Europe. It is relevant to researchers and policymakers involved in economic policy and the political economy, as well as anyone interested in the responses to the COVID-19 pandemic.Neven Vidaković is Professor of economics, scientific fellow, and former Vice Dean for quality, development, professional at the University of Zagreb and former CEO of Platinum Invest.Ivan Lovrinović is Professor of economics and business at the University of Zagreb, where he has previously held the position of Dean of the Faculty. Product Description This book examines economic policies utilized within Southeast Europe in response to the COVID-19 pandemic. Covering countries both within and outside the European Union, the human and economic cost of the pandemic is calculated using macroeconomic models from a short and longer term perspective. The economic policies used during the pandemic are analyzed, alongside crisis management approaches, to highlight the effectiveness of monetary policy, fiscal policies and potential future economic solutions for the post COVID-19 period. This book aims to provide policy recommendations based on findings from Southeast Europe. It is relevant to researchers and policymakers involved in economic policy and the political economy, as well as anyone interested in the responses to the COVID-19 pandemic. Review “An ambitious and original treatment of the ongoing COVID-19 economic crisis in South Eastern European economies. Authors provide both an in – depth and an overarching analytical framework. It is engaging and convincing, while exposition of very complex ideas and macroeconomic policies is very clear.“ (--Dubravko Radosevic, PhD, former economic adviser to the President of the Republic of Croatia) “This challenging book examines dynamics of COVID-19 economic crisis in South Eastern European economies. The book is focused on the subject of how to manage structural crisis triggered by the COVID recessions in the peripheral European countries. A useful tool for those confronting these crisis and a clear, accessible overview for those studying financial markets.“ (--Joachim Becker, PhD, Professor of Economics at the Vienna University of Economics and Business)"This book is the result of economists from Croatia, Bosnia-Herzegovina, Serbia, Russia and Austria quickly responding to the specific challenges which the Covid-19 shock has presented to the economics profession and economic policy-makers alike. Much has been written on macroeconomic policies as conducted in 'core' EU economies, and the US, but the challenges in Southeast European economies are special. Many countries are not yet members of the EU and they were confronting difficult problems regarding vulnerability on external accounts, debt, dependency on remittances, lagging in attractiveness to foreign investment and in the diversification of their economic structures. In such a situation it is vital for economists to contribute to a professional assessment of how monetary, fiscal and structural policies can and should respond not only to the immediate challenge of the Covid-crisis, but also point forward to a path of recovery and sustainable growth after that. This volume takes up this challenge in an engaged and knowledgeable manner." (--Michael Landesmann,  Senior Research Associate at The Vienna Institu