Fiscal multipliers: The evidence backing economic vitality by direct cash payments to the poor
Wednesday, May 13, 2020 - 08:40
in Mathematics & Economics
COVID-19 and the related government-led lockdowns have resulted in widespread economic shock and job loss, in the UK and around the world. Governments, including in low and middle-income countries, have responded with economic interventions to cushion the shock. The most widely-used government tool has been cash transfer programs: the World Bank finds 234 measures involving expanding cash transfer programs worldwide, as well as 100 food or voucher schemes.