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Discuss Fiscal and Monetary Policy Responses to the COVID-19 Pandemic: Economics Essay, UCD,

University University College Dublin (UCD)
Subject Economics

Assignment Details:

QUESTION: Discuss fiscal and monetary policy responses to the COVID-19 pandemic in Ireland and internationally.

Your answer should include a discussion of the following:

1. What is fiscal policy?

2. What fiscal policy tools could be used in response to the economic impact of the COVID-19 crisis in Ireland and internationally?

  • HINT: There may need to be separate responses for the supply side (firms) and the demand side of the economy.

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3. What effects do you think these fiscal policy tools might have?

4. How might the government finance its fiscal policy stimulus?

5. How might monetary policy be used to stimulate economic activity in Ireland and internationally?

6. What monetary tools, instruments or measures might the central bank use?

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