4. Summarize the fiscal policy responses to the 2008 financial crisis and the 2020 pandemic. Explain how
they are similar and how they differ. Evaluate the extent to which the fiscal responses have been successful
(or not) in both crises, providing evidence or economic arguments to support your views. What would you
have done differently? Explain your answers thoroughly.
5. Summarize the
how they are similar and how they differ. Evaluate the extent to which monetary policy has been successful
(or not) in both crises, providing evidence or economic arguments to support your views. What would you
have done differently? Explain your answers thoroughly.
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