COVID-19 caused an overwhelming wave with large social and economic consequences and huge policy challenges. We provide an evaluation of the impact of the social, economic, and financial policy measures undertaken to ameliorate its negative consequences in Uruguay. Overall, we find that the...

We contribute new empirical evidence on monetary policy communication and inflation expectations by firms. First, we construct a new indicator of the perceived tone of monetary policy communication that complements traditional indicators of the effective tone. Both have the expected negative...