Business cycles have been pronounced dead many times. But the COVID-19 recession is a painful reminder that business cycles are still with us. If we can’t eliminate them, then what should be done about these cycles? Modern economic theory suggests that governments should use countercyclical policies to smooth these fluctuations.
OP-ED
Ilona Sologoub: Ukraine’s budget deficit and government debt
The photo shows the 200-hryvnia banknote, designed in 2019.
