Comparing the Macroeconomic Policy Measures across the G20 The Crisis Response is a Long-Term Marathon

Lucia Granelli and Matteo Brunelli

No 158, European Economy - Discussion Papers from Directorate General Economic and Financial Affairs (DG ECFIN), European Commission

Abstract: The international community acted swiftly to respond to the outbreak of the COVID-19 pandemic. In April 2020, G20 Finance Ministers and Central Bank Governors (FMCBGs) endorsed the “G20 Action Plan Supporting the Global Economy Through the COVID-19 Pandemic”. This paper compares and assesses the economic policy response to the COVID-19 crisis across all the G20 members, with a focus on the measures undertaken during the first six months after the outbreak of the pandemic. The analysis was made on the basis of the policy trackers developed by the IMF and OECD, on the mandate from the G20. The information retrieved and compiled from these sources was further augmented with information coming from other databases, reports, working documents, policy notes, and the authors’ own analytical work as appropriate. Building on the analysis developed, the paper distils a series of key take-aways on the global policy response to the COVID-19 pandemic.

JEL-codes: E02 F01 H87 (search for similar items in EconPapers)
Pages: 64 pages
Date: 2022-01
New Economics Papers: this item is included in nep-mac
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Persistent link: https://EconPapers.repec.org/RePEc:euf:dispap:158

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