QUESTION 2

Monetary and fiscal authorities deployed a number of containment and mitigation measures to minimize the impact of the pandemic. Using examples, illustrate the distinction between monetary and fiscal policies as well as explain which interventions were more effective.

EXTRACT: https://www.oecd.org/coronavirus/policy-responses/tax-and-fiscal-policy-in-response-to-the-coronavirus-crisisstrengthening-confidence-and-resilience-60f640a8/