COVID-19 Pandemic and Economic Stimulus Policies: Evidence From 156 Economies

Xingyuan Yao

A chapter in Mobility and Inequality Trends, 2023, vol. 30, pp 243-266 from Emerald Group Publishing Limited

Abstract: This chapter investigates the impact of the COVID-19 pandemic on economic stimulus policies. Based on data from 156 economies, empirical results show that in the medium term, cumulative effect of COVID-19 pandemic is positively correlated with the economic stimulus policies but not in the short term. Heterogeneity tests show that while economic policies are used in developed economies more often, restrictive measures in developing countries are likely used as a substitution; deaths have a positive impact on economic stimulus policies but confirmed cases not. The results suggest that the pandemic may reinforce economic inequality due to potential stimulus policy capabilities, requiring international coordination and assistance to low-and-middle income countries in various aspects.

Keywords: COVID-19 pandemic; economic stimulus policies; economic inequality; fiscal policy; monetary policy; non-economic policies; O23; E50; E62 (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:eme:reinzz:s1049-258520230000030011

DOI: 10.1108/S1049-258520230000030011

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