{
  "title": "Tracking Economic and Financial Policies During COVID-19: An Announcement-Level Database",
  "publication": "IMF Working Papers, June 3, 2022",
  "sourceUrl": "https://www.imf.org/en/publications/wp/issues/2022/06/03/tracking-economic-and-financial-policies-during-covid-19-an-announcement-level-database-518896",
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  "summary": "We introduce a new comprehensive announcement-level database tracking the extraordinary fiscal, monetary, prudential, and other policies that countries adopted in response to Covid-19.",
  "sections": [
    {
      "heading": "Database scope and structure",
      "content": "- Covers 28 granular policies adopted by 74 countries during 2020.\n- Records about 5,500 policy measures announced during this period.\n- Organized and presented in a format intended to be easy for researchers to use in empirical analyses.\n- Policy categories tracked include fiscal, monetary, prudential, and other measures; detailed information includes sizes where available."
    },
    {
      "heading": "Key empirical findings",
      "content": "- Announcements were highly correlated across the broad fiscal, monetary, and prudential categories and at more granular levels.\n- Advanced economies (AEs) introduced larger fiscal measures than emerging and developing economies (EMDEs).\n- Advanced economies relied primarily on large unconventional monetary policies.\n- Bank capital requirements were relaxed widely in both AEs and EMs.\n- Relaxation of provisioning requirements was more common among EMs.\n- Supervisory expectations and reporting requirements were widely relaxed."
    },
    {
      "heading": "Thematic coverage (policy types highlighted)",
      "content": "- Fiscal policy\n- Monetary policy, including unconventional measures and central bank policy rate actions\n- Macroprudential policy, including countercyclical capital buffers and reserve requirements\n- Financial regulation and supervision, including supervisory expectations and reporting requirements\n- Health-related policy interactions with economic measures"
    },
    {
      "heading": "Data access",
      "content": "- The landing page provides a link to data for this title in ZIP format for researcher use.\n\nTracking 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.\n\n---\n\n Content in this bundle\n\n- Working Paper\n  - Working Paper (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - Working Paper (PDF){rel=\"external\" type=\"application/pdf\"}\n\n---\n\nSource: https://www.imf.org/en/publications/wp/issues/2022/06/03/tracking-economic-and-financial-policies-during-covid-19-an-announcement-level-database-518896"
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    "[Markdown version](/en/publications/wp/issues/2022/06/03/tracking-economic-and-financial-policies-during-covid-19-an-announcement-level-database-518896/index.md)",
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    "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",
    "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.",
    "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.",
    "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",
    "The landing page provides a link to data for this title in ZIP format for researcher use.",
    "**Working Paper**"
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