Tracking Economic and Financial Policies During COVID-19: An Announcement-Level Database
IMF Working Papers, June 3, 2022
Source details
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- Tracking Economic and Financial Policies During COVID-19: An Announcement-Level Database
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Bibliographic details
- Authors: Divya Kirti, Yang Liu, Soledad Martinez Peria, Prachi Mishra, Jan Strasky
- Published: June 3, 2022
- Series: IMF Working Papers
- DOI: https://doi.org/10.5089/9798400213069.001
Database scope and structure
- Covers 28 granular policies adopted by 74 countries during 2020.
- Records about 5,500 policy measures announced during this period.
- Organized and presented in a format intended to be easy for researchers to use in empirical analyses.
- Policy categories tracked include fiscal, monetary, prudential, and other measures; detailed information includes sizes where available.
Key empirical findings
- 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).
- Advanced economies relied primarily on large unconventional monetary policies.
- Bank capital requirements were relaxed widely in both AEs and EMs.
- Relaxation of provisioning requirements was more common among EMs.
- Supervisory expectations and reporting requirements were widely relaxed.
Thematic coverage (policy types highlighted)
- Fiscal policy
- Monetary policy, including unconventional measures and central bank policy rate actions
- Macroprudential policy, including countercyclical capital buffers and reserve requirements
- Financial regulation and supervision, including supervisory expectations and reporting requirements
- Health-related policy interactions with economic measures
Data access
- The landing page provides a link to data for this title in ZIP format for researcher use.
Tracking Economic and Financial Policies During COVID-19: An Announcement-Level Database — Divya Kirti, Yang Liu, Soledad Martinez Peria, Prachi Mishra, Jan Strasky; June 3, 2022.
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- Working Paper