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Tracking Economic and Financial Policies During COVID-19: An Announcement-Level Database

Author

Listed:
  • Martínez Pería, Maria Soledad
  • Kirti, Divya
  • Liu, Yang
  • Mishra, Prachi
  • Stráský, Jan

Abstract

We introduce an announcement-level database tracking the fiscal, monetary, and prudential policies adopted in response to Covid-19. The database—organized for easy use—provides information for 28 granular policies adopted by 74 countries during 2020. About 5,500 policies were announced during this period. Announcements were highly correlated across the broad fiscal, monetary, and prudential categories and at more granular levels. Advanced economies (AEs) introduced larger fiscal measures than emerging and developing economies (EMDEs) and relied primarily on large unconventional monetary policies. Bank capital requirements, supervisory expectations, and reporting requirements were widely relaxed. Provisioning requirements were mainly loosened among EMDEs.

Suggested Citation

  • Martínez Pería, Maria Soledad & Kirti, Divya & Liu, Yang & Mishra, Prachi & Stráský, Jan, 2023. "Tracking Economic and Financial Policies During COVID-19: An Announcement-Level Database," CEPR Discussion Papers 17879, C.E.P.R. Discussion Papers.
    • Handle: RePEc:cpr:ceprdp:17879
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    Cited by:

    1. Forbes, Kristin & Friedrich, Christian & Reinhardt, Dennis, 2023. "Stress relief? Funding structures and resilience to the covid shock," Journal of Monetary Economics, Elsevier, vol. 137(C), pages 47-81.
    2. Dursun-de Neef, H． Özlem & Schandlbauer, Alexander & Wittig, Colin, 2023. "Countercyclical capital buffers and credit supply: Evidence from the COVID-19 crisis," Journal of Banking & Finance, Elsevier, vol. 154(C).
    3. Degryse, Hans & Huylebroek, Cédric, 2023. "Fiscal support and banks’ loan loss provisions during the COVID-19 crisis," Journal of Financial Stability, Elsevier, vol. 67(C).
    4. Bergant, Katharina & Forbes, Kristin, 2023. "Policy packages and policy space: Lessons from COVID-19☆," European Economic Review, Elsevier, vol. 158(C).

    More about this item

    Keywords

    Monetary policy; Fiscal policy; Macroprudential policy; Covid-19;
    All these keywords.

    JEL classification:

    • E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy
    • E58 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Central Banks and Their Policies
    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • G28 - Financial Economics - - Financial Institutions and Services - - - Government Policy and Regulation
    • L38 - Industrial Organization - - Nonprofit Organizations and Public Enterprise - - - Public Policy

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