Abstract
The ADB COVID-19 Policy Database displays the measures taken and monetary amounts announced or estimated by the 68 members of the Asian Development Bank, two institutions, and nine other economies (i.e., a total of 79 entries) until May 2020, to fight the coronavirus disease (COVID-19) pandemic. Measures are classified according to (i) the path a given measure takes to affect the financial system, spending, production, and so forth, i.e., provide liquidity, encourage credit creation by the financial sector, or directly fund households; and (ii) the effects on the financial statements of households, businesses, government, i.e., whether the measures create more debt or more income. This gives a total of nine categories. When the information is available, we report the amounts that governments have announced (intentions) they will allocate to each measure (in many cases, no amount is provided because the measure does not entail spending, e.g., interest rate reductions). These are a mix of actual amounts and estimates, today and in the future (without specifying when). The database will be updated, revised, and expanded as information is released. It is available at https://covid19policy.adb.org/ .
Highlights
The ADB COVID-19 Policy Database displays the measures taken and monetary amounts announced or estimated by the 68 members of the Asian Development Bank, two institutions, and nine other economies until May 2020, to fight the coronavirus disease (COVID-19) pandemic
Economists have long recognized, for instance, that different types of government spending or tax cuts will have different macroeconomic impacts. Do they ground their analysis in operations and financial statement effects that are fundamental in every transaction
For the purpose of understanding different policy actions in response to COVID-19, the approach here is to categorize these actions according to their differences in operational details and/or financial statement effects
Summary
This paper explains the key concepts that underlie the taxonomy used to construct the Asian Development Bank’s (ADB) ADB COVID-19 Policy Database (1 June 2020 version). It was built to keep track of the measures that the 68 members of ADB have implemented to fight the coronavirus disease (COVID-19) pandemic that has.
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