DP17879 Tracking Economic and Financial Policies During COVID-19: An Announcement-Level Database
We introduce an announcement-level database tracking the fiscal, monetary, and prudential policies adopted in response to Covid-19. The database—organized for easy use—provides information for 28 granular policies adopted by 74 countries during 2020. About 5,500 policies were announced during this period. Announcements were highly correlated across the broad fiscal, monetary, and prudential categories and at more granular levels. Advanced economies (AEs) introduced larger fiscal measures than emerging and developing economies (EMDEs) and relied primarily on large unconventional monetary policies. Bank capital requirements, supervisory expectations, and reporting requirements were widely relaxed. Provisioning requirements were mainly loosened among EMDEs.