The Sooner (and the Smarter), the Better: COVID-19 Containment Measures and Fiscal Responses

Amr Hosny

No 2021/065, IMF Working Papers from International Monetary Fund

Abstract: This paper finds empirical evidence that faster and smarter containment measures were associated with lower fiscal responses to the COVID-19 shock. We also find that initial conditions, such as fiscal space, income, health preparedness and budget transparency were important in shaping the amount and design of the COVID-19 fiscal response.

Keywords: fiscal measures; containment measures; WP; health index; containment measure; OxCGRT containment; ATL health specification; containment health indices; COVID-19; Fiscal space; Fiscal performance assessment; Income; Middle East and Central Asia; Global; Western Hemisphere (search for similar items in EconPapers)
Pages: 23
Date: 2021-03-05
New Economics Papers: this item is included in nep-hea and nep-mac
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