The Sooner (and the Smarter), the Better: COVID-19 Containment Measures and Fiscal Responses
Author: Amr Hosny
This paper finds empirical evidence that faster and smarter containment measures were associated with lower fiscal responses to the COVID-19 shock. We also find that initial conditions, such as fiscal space, income, health preparedness and budget transparency were important in shaping the amount and design of the COVID-19 fiscal response.
IMF Working Papers