Fiscal Policy in Response to the Coronavirus
Crisis:
Many governments’ economic policy responses to Covid -19
have been rapid and extensive. The fiscal packages so far have
aimed at cushioning the immediate impact of the sudden drop in
economic activity on firms and households, and to preserve
countries’ productive capacity. Among the measures introduced thus
far by most countries are:
Maintaining business cash-flow,
implementing wide-ranging measures to help businesses
retain their workers,
Providing income support to households, and
Easing access...