Tracking Economic and Financial Policies During COVID-19: An Announcement-Level Database

Divya Kirti, Yang Liu, Martínez Pería, Maria Soledad, Prachi Mishra and Stráský, Jan

No 17879, CEPR Discussion Papers from Centre for Economic Policy Research

Abstract: We introduce an announcement-level database tracking the fiscal, monetary, and prudential policies adopted in response to Covid-19. The database—organized for easy use—provides information for 28 granular policies adopted by 74 countries during 2020. About 5,500 policies were announced during this period. Announcements were highly correlated across the broad fiscal, monetary, and prudential categories and at more granular levels. Advanced economies (AEs) introduced larger fiscal measures than emerging and developing economies (EMDEs) and relied primarily on large unconventional monetary policies. Bank capital requirements, supervisory expectations, and reporting requirements were widely relaxed. Provisioning requirements were mainly loosened among EMDEs.

Keywords: Monetary policy; Fiscal policy; Macroprudential policy; Covid-19 (search for similar items in EconPapers)
JEL-codes: E52 E58 G21 G28 L38 (search for similar items in EconPapers)
Date: 2023-02
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Working Paper: Tracking Economic and Financial Policies During COVID-19: An Announcement-Level Database (2022)
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