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COVID-19 Pandemic and Economic Stimulus Policies: Evidence From 156 Economies

In: Mobility and Inequality Trends

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  • Xingyuan Yao

Abstract

This chapter investigates the impact of the COVID-19 pandemic on economic stimulus policies. Based on data from 156 economies, empirical results show that in the medium term, cumulative effect of COVID-19 pandemic is positively correlated with the economic stimulus policies but not in the short term. Heterogeneity tests show that while economic policies are used in developed economies more often, restrictive measures in developing countries are likely used as a substitution; deaths have a positive impact on economic stimulus policies but confirmed cases not. The results suggest that the pandemic may reinforce economic inequality due to potential stimulus policy capabilities, requiring international coordination and assistance to low-and-middle income countries in various aspects.

Suggested Citation

  • Xingyuan Yao, 2023. "COVID-19 Pandemic and Economic Stimulus Policies: Evidence From 156 Economies," Research on Economic Inequality, in: Mobility and Inequality Trends, volume 30, pages 243-266, Emerald Group Publishing Limited.
    • Handle: RePEc:eme:reinzz:s1049-258520230000030011
    DOI: 10.1108/S1049-258520230000030011
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    More about this item

    Keywords

    COVID-19 pandemic; economic stimulus policies; economic inequality; fiscal policy; monetary policy; non-economic policies; O23; E50; E62;
    All these keywords.

    JEL classification:

    • O23 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - Fiscal and Monetary Policy in Development
    • E50 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - General
    • E62 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Fiscal Policy; Modern Monetary Theory

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