TY - JOUR
T1 - Discretionary fiscal responses to the COVID-19 pandemic
AU - Devereux, Michael P.
AU - Güçeri, İrem
AU - Simmler, Martin
AU - Tam, Eddy H.F.
N1 - Publisher Copyright:
© The Author(s) 2020. Published by Oxford University Press. For permissions please e-mail: [email protected]
Copyright:
Copyright 2020 Elsevier B.V., All rights reserved.
PY - 2020
Y1 - 2020
N2 - 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.
AB - 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.
KW - COVID-19
UR - http://www.scopus.com/inward/record.url?scp=85091782280&partnerID=8YFLogxK
U2 - 10.1093/oxrep/graa019
DO - 10.1093/oxrep/graa019
M3 - Article
AN - SCOPUS:85091782280
SN - 0266-903X
VL - 36
SP - S225-S241
JO - OXFORD REVIEW OF ECONOMIC POLICY
JF - OXFORD REVIEW OF ECONOMIC POLICY
IS - Supp 1
ER -