COVID-19 in Uruguay: A survey of policy responses and their impact

Elizabeth Bucacos (), Patricia Carballo (), Miguel Mello Costa () and Jorge Ponce
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Elizabeth Bucacos: Banco Central del Uruguay
Patricia Carballo: Banco Central del Uruguay

No 2022002, Documentos de trabajo from Banco Central del Uruguay

Abstract: COVID-19 implied an overwhelming shock with large economic consequences. In this paper, we provide an evaluation of the impact of the social, economic, and financial policy measures undertaken to ameliorate its negative consequences in Uruguay. We start by surveying the immediate impact of the shock and the main policy responses. Next, we take a threefold approach to evaluate their impact on GDP, inflation, inflation expectations, investment, consumption, hours worked and firms’ financing. The results show that the policy response had a significant effect on mitigating the negative impact of the pandemic.

Keywords: COVID-19 pandemic; policy response; impact evaluation; Uruguay (search for similar items in EconPapers)
JEL-codes: E50 E60 (search for similar items in EconPapers)
Pages: 51 pages
Date: 2022
New Economics Papers: this item is included in nep-lam and nep-mac
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Citations: View citations in EconPapers (2)

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