Discretionary fiscal responses to the COVID-19 pandemic
Devereux, Michael P. ; Güçeri, Irem ; Tam, Eddy H. F.
Oxford Review of Economic Policy
2020
36
Supplement 1
s225-s241
epidemic disease ; fiscal policy ; tax incentive ; economic recession
Public finance and taxation
https://doi.org/10.1093/oxrep/graa019
English
Bibliogr.
"We analyse discretionary fiscal responses to the COVID-19 pandemic. We distinguish policies for three phases of the pandemic: (1) acute overall disruption, (2) initial recovery phase and (3) the longer term. We analyse measures already taken in (1) and consider measures relevant for (2). We distinguish between lump-sum subsidies, such as deferral of tax payments, which may ease financial constraints, and measures which intentionally affect incentives. We also identify factors that are important given the short-term nature of the measures."
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