Fighting the scarring effects of COVID-19

Abstract The large fall in global output and massive job losses during the current pandemic is creating a socio-economic upheaval that likely to persist over time. From previous crises, we know some of their effects are leave permanent scars through what known as hysteresis. This article discusses how concept scarring or hysteresis relevant for pandemic-induced economic crisis. We discuss channels which these can become persistent fiscal monetary policies minimize consequences work create economy more resilient, equal greener.t