How fiscal support is boosting our COVID-19 recovery

Feb 8, 2022

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

Jonathan D. Ostry

Professor of the Practice of Economics, Georgetown University

Naihan Yang

Machine Learning Specialist, Ant Group

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Pandemic Preparedness and Response

Fiscal measures by type and debt-to-GDP.

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

Effect of fiscal measures on exchange rates and stock price indices.

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).

Effect of fiscal measures on IP, PMI, CLI unemployment, and sovereign CDS spreads (% (LHS), percentage points (RHS).

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?

Effect of fiscal announcement shocks on IP, depending on country characteristics (%).

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

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Effect of fiscal announcement shocks on IP, by type and depending on the pandemic cycle (%).

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

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How fiscal support is boosting our COVID-19 recovery

Feb 8, 2022

Pragyan Deb

Davide Furceri

Jonathan D. Ostry

Nour Tawk

Naihan Yang

Explore and monitor how Pandemic Preparedness and Response is affecting economies, industries and global issues

Get involved with our crowdsourced digital platform to deliver impact at scale