Abstract

Building on their experience of the 2008 financial crisis, central banks have once again used unconventional monetary policy measures in an attempt to limit the economic consequences of Covid-19. Governments, too, have taken extraordinary measures to offset the costs of lockdown, in a clear departure from neoliberal paradigms. Depending on the emergence of a possible second or third wave of the virus, even more unconventional measures may be possible in the future.

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