Comparing the macroeconomic policy measures across the G20. The crisis response is a long-term marathon
Granelli, Lucia ; Brunelli, Matteo
Publications Office of the European Union - Luxembourg
2022
64 p.
epidemic disease ; state intervention ; economic policy ; economic impact ; monetary policy ; fiscal policy
European Economy Discussion Papers
158
Economic development
English
"The international community acted swiftly to respond to the outbreak of the COVID-19 pandemic. In April 2020, G20 Finance Ministers and Central Bank Governors (FMCBGs) endorsed the “G20 Action Plan Supporting the Global Economy Through the COVID-19 Pandemic”. This paper compares and assesses the economic policy response to the COVID-19 crisis across all the G20 members, with a focus on the measures undertaken during the first six months after the outbreak of the pandemic. The analysis was made on the basis of the policy trackers developed by the IMF and OECD, on the mandate from the G20. The information retrieved and compiled from these sources was further augmented with information coming from other databases, reports, working documents, policy notes, and the authors' own analytical work as appropriate. Building on the analysis developed, the paper distils a series of key take-aways on the global policy response to the COVID-19 pandemic."
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