Discretionary fiscal responses to the COVID-19 pandemic

Michael Devereux, İrem Güçeri, Martin Simmler and Eddy H F Tam

Oxford Review of Economic Policy, 2020, vol. 36, issue Supplement_1, S225-S241

Abstract: We analyse discretionary fiscal responses to the COVID-19 pandemic. We distinguish policies for three phases of the pandemic: (1) acute overall disruption, (2) initial recovery phase and (3) the longer term. We analyse measures already taken in (1) and consider measures relevant for (2). We distinguish between lump-sum subsidies, such as deferral of tax payments, which may ease financial constraints, and measures which intentionally affect incentives. We also identify factors that are important given the short-term nature of the measures.

Keywords: COVID-19 (search for similar items in EconPapers)
Date: 2020
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Citations: View citations in EconPapers (16)

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