Economic Activity, Fiscal Space and Types of COVID-19 Containment Measures /

This paper argues that the type of COVID-19 containment measures affects the trade-offs between infection cases, economic activity and sovereign risk. Using local projection methods and a year and a half of high-frequency daily data covering 44 advanced and emerging economies, we find that smart (e....

पूर्ण विवरण

ग्रंथसूची विवरण
मुख्य लेखक: Hosny, Amr
अन्य लेखक: Pallara, Kevin
स्वरूप: पत्रिका
भाषा:English
प्रकाशित: Washington, D.C. : International Monetary Fund, 2022.
श्रृंखला:IMF Working Papers; Working Paper ; No. 2022/012
विषय:
ऑनलाइन पहुंच:Full text available on IMF
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100 1 |a Hosny, Amr. 
245 1 0 |a Economic Activity, Fiscal Space and Types of COVID-19 Containment Measures /  |c Amr Hosny, Kevin Pallara. 
264 1 |a Washington, D.C. :  |b International Monetary Fund,  |c 2022. 
300 |a 1 online resource (49 pages) 
490 1 |a IMF Working Papers 
500 |a <strong>Off-Campus Access:</strong> No User ID or Password Required 
500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
506 |a Electronic access restricted to authorized BRAC University faculty, staff and students 
520 3 |a This paper argues that the type of COVID-19 containment measures affects the trade-offs between infection cases, economic activity and sovereign risk. Using local projection methods and a year and a half of high-frequency daily data covering 44 advanced and emerging economies, we find that smart (e.g. testing) as opposed to physical (e.g. lockdown) measures appear to be best placed to tackle these trade-offs. Initial conditions also matter whereby containment measures can be less disruptive when public health response time is fast and public debt is low. We also construct a database of daily fiscal announcements for Euro area countries, and find that sovereign risk is improved under a combination of large support packages and smart measures. 
538 |a Mode of access: Internet 
650 7 |a Fiscal Policies and Behavior of Economic Agents  |2 imf 
650 7 |a Fiscal Policy  |2 imf 
650 7 |a Market Structure and Pricing  |2 imf 
650 7 |a National Budget, Deficit and Debt  |2 imf 
650 7 |a National Government Expenditures and Related Policies  |2 imf 
700 1 |a Pallara, Kevin. 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 2022/012 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/2022/012/001.2022.issue-012-en.xml  |z IMF e-Library