COVID-19 Economic Stimulus Packages Database
Creators:
Elgin, C; Yalaman, A
Publication Date:
2021
Data Category:
Dataset Description:
We conduct a comprehensive review of different economic policy measures adopted by 166 countries as a response to the COVID-19 pandemic and create a large database including fiscal, monetary, and exchange rate measures. Furthermore, using principle component analysis (PCA), we construct a COVID-19 Economic Stimulus Index (CESI) that combines all adopted policy measures. This index standardises economic responses taken by governments and allows us to study cross-country differences in policies. Finally, using simple cross-country OLS regressions we report that the median age of the population, the number of hospital beds per-capita, GDP per-capita, and the number of total cases are all significantly associated with the extent of countries’ economic policy responses. The dataset covers economic policy measures adopted during the COVID-19 pandemic, with the latest version dated May 7, 2021, reflecting the policies implemented up to that point. It has a size of 6,2 kB.
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