Pandemic Preparedness and Response

How fiscal support is boosting our COVID-19 recovery

Fiscal support is being used to help recovery from the COVID-19 pandemic. Image:  Gabriella Clare Marino/Unsplash

Pragyan Deb

Economist, IMF

Davide Furceri

Economist, IMF’s Research Department

Jonathan D. Ostry

Deputy Director, International Monetary Fund (IMF)

Nour Tawk

Economist, IMF

Naihan Yang

Machine Learning Specialist, Ant Group

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Pandemic Preparedness and Response

Countries with relatively more space favored above-the-line measures Image: Deb et al. (2021)

The bar shows the effect after 30 days of fiscal policy announcements (as % of GDP) on bilateral exchange rates and stock price indices. Image: Deb et al. (2021).
The effect on the unemployment rate is in percentage points and presented on the right hand-side axis. Image: Deb et al. (2021)

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What's the World Economic Forum doing about tax?

Light shaded bars denote no statistical significance. Image: Deb et al. (2021)

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High containment compared to low containment with fiscal policy effects. Image: Deb et al. (2021)

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Related topics:

Pandemic Preparedness and ResponsePublic Finance and Social Protection

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