FISCAL POLICY EFFECTIVENESS IN THE POST-PANDEMIC ERA: EVIDENCE FROM DEVELOPED AND DEVELOPING ECONOMIES

Abstract

This review paper investigates the effectiveness of fiscal policy measures in the post-pandemic era, focusing on both developed and developing economies. It synthesizes findings from a range of studies to analyze the impact of fiscal interventions on economic recovery, employment rates, inflation, and income inequality. Key aspects explored include the types of fiscal policies implemented, their timing, and their magnitude, alongside their implications for macroeconomic stability and long-term growth prospects. The review also delves into the challenges faced by policymakers in tailoring fiscal strategies to the unique circumstances of different economies. By examining empirical evidence and theoretical frameworks, this paper aims to contribute to a deeper understanding of the role of fiscal policy in navigating economic challenges following the COVID-19 pandemic.