The Sooner (and the Smarter), the Better: COVID-19 Containment Measures and Fiscal Responses

The Sooner (and the Smarter), the Better: COVID-19 Containment Measures and Fiscal Responses
Volume/Issue: Volume 2021 Issue 065
Publication date: March 2021
ISBN: 9781513571638
$18.00
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Topics covered in this book

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Economics- Macroeconomics , fiscal measures , containment measures , WP , health index , containment measure , OxCGRT containment , ATL health specification , containment health indices , COVID-19 , Fiscal space , Fiscal performance assessment , Income , Middle East and Central Asia , Global , Western Hemisphere

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Summary

This paper finds empirical evidence that faster and smarter containment measures were associated with lower fiscal responses to the COVID-19 shock. We also find that initial conditions, such as fiscal space, income, health preparedness and budget transparency were important in shaping the amount and design of the COVID-19 fiscal response.

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