Why COVID-19 government support needs to be tailored and targeted
Governments must tailor their fiscal policy response to COVID-19, with the IMF recommending targeted support to vulnerable homes and focused support to viable firms.
Mehdi Raissi is a senior economist in the Fiscal Affairs Department of the IMF. He joined the Fund in 2010 and worked on several multilateral surveillance issues and a range of countries, including Italy, India, and Mexico. He holds a Ph.D. in economics from the University of Cambridge. His research interests include macro-econometric modeling, macro-fiscal linkages, and sovereign debt issues.
Governments must tailor their fiscal policy response to COVID-19, with the IMF recommending targeted support to vulnerable homes and focused support to viable firms.
The IMF's January 2021 Fiscal Monitor Update outlines what more governments can do to achieve a greener, fairer, and more durable recovery from COVID-19.
Economists have used a multi-country econometric model, augmented with global volatility threshold variables, to measure COVID-19's impact - and possible solutions.
Cuando el Gran Cierre termine, una fuerte recuperación económica que beneficie a todos dependerá de la mejora de las redes de seguridad social y de un amplio apoyo fiscal, dice el FMI.
When the Great Lockdown finally ends, a strong economic recovery that benefits everyone will depend on improved social safety nets and broad-based fiscal support, says the IMF.