| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w29360 |
| 来源ID | Working Paper 29360 |
| The Political Economy of the COVID-19 Fiscal Stimulus Packages of 2020 | |
| Joshua Aizenman; Yothin Jinjarak; Hien Nguyen; Ilan Noy | |
| 发表日期 | 2021-10-11 |
| 出版年 | 2021 |
| 语种 | 英语 |
| 摘要 | Almost all countries announced fiscal support programs once COVID-19 hit. However, there was significant diversity in the magnitude and composition of these fiscal stimulus programs. These differences were determined by myriad political, financial, social, and economic factors - these factors are our focus. We ask what were the factors that are associated with the structure of the fiscal programs that governments chose to adopt in the early stage of the pandemic in 2020. We answer this question using details about the fiscal programs that were announced by 98 governments in the first six months of the pandemic, together with a large set of explanatory variables. Maybe not surprisingly, we find that politics played a very significant part in determining the size and composition of these fiscal programs. Governments and societies that are less polarized and more capable were able to mobilise more fiscal resources. We also find that it was governments with bigger debt loads that announced bigger programs, but that sovereign spreads were not so clearly associated with the size of these program plans. There is a limit, however, to what we can glean from these cross-country comparisons. Ultimately, the understanding of the politics and political-economy considerations that led to the specific content of each fiscal program will have to rely on information about the actual deliberations in each government’s halls of power, should these ever become public. |
| 主题 | International Economics ; Globalization and International Relations ; Public Economics ; National Fiscal Issues ; COVID-19 |
| URL | https://www.nber.org/papers/w29360 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/587034 |
| 推荐引用方式 GB/T 7714 | Joshua Aizenman,Yothin Jinjarak,Hien Nguyen,et al. The Political Economy of the COVID-19 Fiscal Stimulus Packages of 2020. 2021. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w29360.pdf（1024KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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