Cover Departmental Papers
Policy Advice to Asia in the COVID-19 Era
Author: Changyong Rhee1 and Katsiaryna Svirydzenka
  • 1 https://isni.org/isni/0000000404811396, International Monetary Fund
Series:
Departmental Papers
Volume/Issue:
Volume 2021: Issue 004
Language:
English
Publication Date:
05 Mar 2021
DOI:
https://doi.org/10.5089/9781513566597.087
ISBN:
9781513566597
ISSN:
2616-5333
Pages:
105
Keywords:
Policy Advice; Pandemic; Asia; DPPP; DP; containment measure; potential GDP; sample firm; illiquid firm; investment regression; nonfinancial firm; nonviable firm; rising debt; COVID-19; Yield curve; Central bank policy rate; Sovereign bonds; Global; Asia and Pacific; South Asia; Pacific Islands; Australia and New Zealand
Legal-disclaimer:
The Departmental Paper Series presents research by IMF staff on issues of broad regional or cross-country interest. The views expressed in this paper are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management.
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The Asia-Pacific region was the first to be hit by the COVID-19 pandemic; it put a strain on its people and economies, and policymaking became exceptionally difficult. This departmental paper contains the assessment of the key challenges facing Asia at this critical juncture and policy advice to the region both to address the current challenges and to build the foundations for a more sustainable and inclusive future. The paper focuses on (1) adjusting to the COVID-19 shock, (2) using unconventional policies when policy space is limited, (3) dealing with debt, and (4) helping the vulnerable and greening the recovery. The paper first presents the different ways countries are adjusting to the COVID-19 shock.
Cover Departmental Papers
Departmental Papers
ISSN:
2616-5333
Publisher:
International Monetary Fund