| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP16726 |
| DP16726 The Effects of Fiscal Measures During COVID-19 | |
| Pragyan Deb; Davide Furceri; Jonathan D. Ostry; Nour Tawk; Naihan Yang | |
| 发表日期 | 2021-11-15 |
| 出版年 | 2021 |
| 语种 | 英语 |
| 摘要 | This paper empirically examines the effects of fiscal policy measures during the COVID-19 pandemic, using a novel database of daily fiscal policy announcements—classified by type of fiscal measure—and high-frequency economic indicators for 52 countries from January 1 to December 31, 2020. The results suggest that fiscal policy announcements have been effective in stimulating economic activity, boosting confidence, and reducing unemployment, but their effect varies by type of measure and country characteristics. Emergency lifeline measures (which form the bulk of below-the-line measures) are more effective when containment policies are stringent, providing cashflow support to firms and households. Demand-support measures (which comprise most of above-the-line measures) are more effective when containment measures are relaxed. |
| 主题 | International Macroeconomics and Finance |
| 关键词 | Fiscal policy Covid-19 Multipliers High-frequency data |
| URL | https://cepr.org/publications/dp16726 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/545662 |
| 推荐引用方式 GB/T 7714 | Pragyan Deb,Davide Furceri,Jonathan D. Ostry,et al. DP16726 The Effects of Fiscal Measures During COVID-19. 2021. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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