Fiscal and monetary responses to the COVID-19 pandemic: Current conditions and future scenarios in developing countries
Our 2020 report on responses to COVID-19 discussed national pandemic response plans in developing countries (Díaz-Bonilla 2020). Those integrated plans, it was argued, would require a centralized crisis-management office led by the president, prime minister, or equivalent, with participation of the...
| Main Authors: | , |
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| Format: | Book Chapter |
| Language: | Inglés |
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International Food Policy Research Institute
2022
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| Subjects: | |
| Online Access: | https://hdl.handle.net/10568/141383 |
| _version_ | 1855521925365760000 |
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| author | Díaz-Bonilla, Eugenio Centurión, Miriam |
| author_browse | Centurión, Miriam Díaz-Bonilla, Eugenio |
| author_facet | Díaz-Bonilla, Eugenio Centurión, Miriam |
| author_sort | Díaz-Bonilla, Eugenio |
| collection | Repository of Agricultural Research Outputs (CGSpace) |
| description | Our 2020 report on responses to COVID-19 discussed national pandemic response plans in developing countries (Díaz-Bonilla 2020). Those integrated plans, it was argued, would require a centralized crisis-management office led by the president, prime minister, or equivalent, with participation of the relevant public and private sector representatives. A strong fiscal and monetary response was needed to support these plans, including unconventional monetary policies, such as those used by what were labeled “developmental central banks” during the 1960s and 1970s (Díaz-Bonilla 2015). Expansion in money supply during the pandemic would finance the fiscal deficit related to public expenditures on health and non-health programs as well as programs to maintain private sector production. We noted that central banks in developed countries have followed a similar monetary approach, now called “quantitative easing,” since the 2008–2009 financial crisis, an approach they ramped up during the pandemic. |
| format | Book Chapter |
| id | CGSpace141383 |
| institution | CGIAR Consortium |
| language | Inglés |
| publishDate | 2022 |
| publishDateRange | 2022 |
| publishDateSort | 2022 |
| publisher | International Food Policy Research Institute |
| publisherStr | International Food Policy Research Institute |
| record_format | dspace |
| spelling | CGSpace1413832025-11-06T03:58:14Z Fiscal and monetary responses to the COVID-19 pandemic: Current conditions and future scenarios in developing countries Díaz-Bonilla, Eugenio Centurión, Miriam value chains agricultural products policies covid-19 health social protection nutrition developing countries food security poverty Our 2020 report on responses to COVID-19 discussed national pandemic response plans in developing countries (Díaz-Bonilla 2020). Those integrated plans, it was argued, would require a centralized crisis-management office led by the president, prime minister, or equivalent, with participation of the relevant public and private sector representatives. A strong fiscal and monetary response was needed to support these plans, including unconventional monetary policies, such as those used by what were labeled “developmental central banks” during the 1960s and 1970s (Díaz-Bonilla 2015). Expansion in money supply during the pandemic would finance the fiscal deficit related to public expenditures on health and non-health programs as well as programs to maintain private sector production. We noted that central banks in developed countries have followed a similar monetary approach, now called “quantitative easing,” since the 2008–2009 financial crisis, an approach they ramped up during the pandemic. 2022-03-07 2024-04-12T13:37:48Z 2024-04-12T13:37:48Z Book Chapter https://hdl.handle.net/10568/141383 en https://doi.org/10.2499/9780896294226 https://www.ifpri.org/interactive/covid2022 Open Access application/pdf International Food Policy Research Institute Diaz-Bonilla, Eugenio; and Centurion, Miriam. 2022. Fiscal and monetary responses to the COVID-19 pandemic: Current conditions and future scenarios in developing countries. In COVID-19 and global food security: Two years later, eds. John McDermott and Johan Swinnen. Part Four: Policy Responses and Implications, Chapter 27, Pp. 162-171. https://doi.org/10.2499/9780896294226_27. |
| spellingShingle | value chains agricultural products policies covid-19 health social protection nutrition developing countries food security poverty Díaz-Bonilla, Eugenio Centurión, Miriam Fiscal and monetary responses to the COVID-19 pandemic: Current conditions and future scenarios in developing countries |
| title | Fiscal and monetary responses to the COVID-19 pandemic: Current conditions and future scenarios in developing countries |
| title_full | Fiscal and monetary responses to the COVID-19 pandemic: Current conditions and future scenarios in developing countries |
| title_fullStr | Fiscal and monetary responses to the COVID-19 pandemic: Current conditions and future scenarios in developing countries |
| title_full_unstemmed | Fiscal and monetary responses to the COVID-19 pandemic: Current conditions and future scenarios in developing countries |
| title_short | Fiscal and monetary responses to the COVID-19 pandemic: Current conditions and future scenarios in developing countries |
| title_sort | fiscal and monetary responses to the covid 19 pandemic current conditions and future scenarios in developing countries |
| topic | value chains agricultural products policies covid-19 health social protection nutrition developing countries food security poverty |
| url | https://hdl.handle.net/10568/141383 |
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