Response of the Economic System to COVID-19: A Review of Evaluation Methods Applied in Assessing Economic Policies' Effects in Serbia

This chapter specifically deals with the response of the Serbian economy and society to the challenges of the crisis, focusing on research conducted from 2020 to 2022. Bearing in mind that economic systems remember and learn from both good and bad experiences, it was interesting to see if, in this relatively short time, in terms of data availability, the analyses that were done offered results not only from a short-term but also from a long-term perspective. After the analysis of the available studies and the systematization of the main findings, it was concluded that the majority of these studies provide only analyses of the short-term effects without applying rigorous evaluation methods. This is an important limit in terms of their reliability, but also with regards to usefulness of the obtained results for the policy making purposes