Factors Determing the COVID-19 Fiscal Stimulus Packages. the Case of the Advanced and Emerging Economies

Abstract

The article discusses the determinants of fiscal policy in the times of COVID-19. Most economists share the opinion that fiscal packages are necessary to mitigate the health and economic costs of a pandemic. However, the scale of fiscal intervention and the types of fiscal policy instruments that should be used raise doubts.

Keywords

• coronavirus pandemic
• discretionary fiscal policy
• fiscal instruments
• fiscal debt