 The effects of fiscal policy on households during the COVID-19 pandemic: Evidence from Thailand and VietnamDzung Bui, Lena Dräger, Bernd Hayo and Giang Nghiem World Development, 2022, vol. 153, issue C Abstract: The economic crisis created by the COVID-19 pandemic induced many governments to provide financial assistance to households. Using representative consumer surveys conducted during the pandemic in 2020, we examine the effects of this fiscal policy instrument on households in two emerging economies, Thailand and Vietnam. Our paper contributes to the literature by studying how consumer sentiment and durable spending relate to receiving government financial support and the underlying transmission channels for these responses. We find that financial support to households is related to more positive consumer sentiment and increases in actual and planned durable spending, while also being correlated with a more optimistic macroeconomic outlook, higher trust in the government, and higher personal well-being. Keywords: Fiscal policy; Financial support of households; Consumer sentiment; Durables spending; Macroeconomic expectations; Government trust; COVID-19; Thailand; Vietnam; E62; E71; D12; D83; H31 (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:eee:wdevel:v:153:y:2022:i:c:s0305750x22000183 DOI: 10.1016/j.worlddev.2022.105828 Access Statistics for this article World Development is currently edited by O. T. Coomes More articles in World Development from Elsevier |
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