COVID-19 pandemic has rattled the global economy and has required governments to undertake massive fiscal stimulus to prevent the economic fallout of social distancing policies. In this paper, we compare the fiscal response of governments from around the world and its main determinants. We find...

COVID-19 pandemic, a health crisis, has rattled the global economy. In this situation, the Indian government has announced a fiscal package worth INR 1.7 trillion, but there are arguments for even more spending. Using data from a cross-section of countries, we first estimate the relationship...