Yuanxin Li – Comenius University in Bratislava, Faculty of Management, Odbojárov 10, Bratislava, Slovakia
6th International Conference – ERAZ 2020 – KNOWLEDGE BASED SUSTAINABLE DEVELOPMENT, Online/virtual, May 21, 2020, CONFERENCE PROCEEDINGS
Published by: Association of Economists and Managers of the Balkans – Belgrade, Serbia
Conference partners: Faculty of Economics and Business, Mediterranean University, Montenegro; University of National and World Economy – Sofia, Bulgaria; Faculty of Commercial and Business Studies – Celje, Slovenia; Faculty of Applied Management, Economics and Finance – Belgrade, Serbia
ISSN 2683-5568, ISBN 978-86-80194-33-2, DOI: https://doi.org/10.31410/ERAZ.2020
COVID-19 has shut down the real economy since its outbreak by assaulting the society and
its system, which was affected directly or indirectly, including the significant decrease of demand, huge
shock of supplies, highly nervous and volatile of the financial market and the overall deterioration of the
economic index. With the spread of the epidemic around the world, major economies have continuously
introduced extraordinary economic policies to respond. This paper attempts to systematically sort out
and analyze the characteristics and development of the epidemic, its impact mechanism, transmission
path and actual impact on the global economy, as well as the response models, main goals and measures
of macroeconomic policies of EU and China. It compares the macroeconomic policies by China
and EU fighting against the COVID-19 and promoting the economy horizontally and vertically.
COVID-19, EU, China, Macroeconomic policy, Monetary policy.
De Vito, A., Gómez, J.-P., (2020). Estimating the COVID-19 cash crunch: Global evidence and
policy. Journal of Accounting and Public Policy 39, 106741. https://doi.org/10.1016/j.jaccpubpol.
Fornaro, L., Wolf, M., (2020). Covid-19 Coronavirus and Macroeconomic Policy (SSRN Scholarly
Paper No. ID 3560337). Social Science Research Network, Rochester, NY.
Hevia, C., Neumeyer, A., (2020). A Conceptual Framework for Analyzing the Economic Impact
of COVID-19 and its Policy Implications 18.
Monetary Policy in a Highly Euroized Economy | SpringerLink, https://link.springer.com/chapter/
Policy forum | Science and Public Policy | Oxford Academic https://academic.oup.com/spp/article-
The Global Macroeconomic Impacts of COVID-19: Seven Scenarios by Warwick J. McKibbin,
Roshen Fernando: SSRN https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3547729.