The global COVID-19 pandemic caused a severe blow to the world economy, bringing the biggest economic downturn since … the economy. To withstand these shocks, most of the states started to use fiscal stimulus measures. The main purpose of … this paper is to present the effects that COVID-19 caused on the world economy, as well as to review Keynes's ideas …

- based on a reimagined Keynesianism in which a prominent role is given to the economy's supply side. …