{"id":345,"date":"2020-05-18T12:01:36","date_gmt":"2020-05-18T10:01:36","guid":{"rendered":"http:\/\/webecpol.esade.edu\/?post_type=publicaciones&#038;p=345"},"modified":"2021-01-07T17:46:57","modified_gmt":"2021-01-07T16:46:57","slug":"mankiw-pandemic-income","status":"publish","type":"publicaciones","link":"http:\/\/webecpol.esade.edu\/en\/publications\/mankiw-pandemic-income\/","title":{"rendered":"The case for a &#8220;Mankiw pandemic income&#8221; for Spain"},"content":{"rendered":"<h2>EsadeEcPol | Policy Insight<\/h2>\n<h4 class=\"t-title3\">Executive summary<\/h4>\n<ul>\n<li>Governments around the world have put in place\u00a0<strong>ambitious relief programmes with the aim of not leaving anybody hit by the Covid-19 crisis behind<\/strong>. However, in many countries, help is taking too long to get to those in need.<\/li>\n<li>This is partly because<strong>\u00a0governments may not be implementing the right policies for emergencies<\/strong>. In pandemics, such as in natural disasters, conventional benefits with complex pre-requisites are too slow: it is better to spend first and ask later. This can help avoid unnecessary social suffering and a deeper economic recession.<\/li>\n<li>In this note, we first illustrate the\u00a0<strong>scale of the administrative delays some governments are facing in processing benefit claims made since the onset of the crisis<\/strong>. Second, we discuss whether different conventional benefit schemes are suitable as emergency responses.<\/li>\n<li>Third, based on Mankiw\u2019s (2020) proposal,\u00a0<strong>we estimate the cost of a quasi-universal temporary cash transfer of 1,000 euros for an initial duration of three months for Spain<\/strong>. The transfer would be accompanied by a one-off tax to be paid the following year. The cost over the two-year period would be of less than 1% of GDP. We conclude that\u00a0<em>ex-post<\/em>\u00a0targeting is likely to be superior to complex\u00a0<em>ex-ante<\/em>\u00a0targeting in times of emergency.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>We estimate the cost of a quasi-universal temporary cash transfer of 1,000 euros for an initial duration of three months.<\/p>\n","protected":false},"featured_media":340,"template":"","yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.9 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>The case for a &quot;Mankiw pandemic income&quot; for Spain - Center for Economic Policy - EsadeEcPol<\/title>\n<meta name=\"description\" content=\"Governments around the world have put in place\u00a0ambitious relief programmes with the aim of not leaving anybody hit by the Covid-19 crisis behind.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"http:\/\/webecpol.esade.edu\/en\/publications\/mankiw-pandemic-income\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The case for a &quot;Mankiw pandemic income&quot; 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