Fiscal Intervention in G-20 Nations During the Pandemic: An Analysis Based on the IMF Fiscal Monitor Database

Authors

  • María Emilia Val Universidad Nacional de San Martín
  • Rocío Ceballos Universidad Nacional de San Martín

DOI:

https://doi.org/10.59673/amag.v2i2.74

Keywords:

fiscal policy, COVID-19, G20, IMF, Fiscal Monitor

Abstract

Since 2020, States have faced significant challenges as a result of the spread of COVID-19: they have had to create protective mechanisms to sustain employment, help businesses and industries, assist the vulnerable population, and also had to coordinate measures nationally to control the pandemic. This paper analyses and compares the measures with fiscal consequences adopted by G20 countries to alleviate the social and economic effects of the pandemic, using the Fiscal Monitor database compiled by the International Monetary Fund (IMF). State intervention varied, linked to, among other things, the fiscal situation, institutional arrangements, political dynamics, and the local economy. This analysis will show the different responses to the pandemic in advanced economies and emerging markets, focusing on the Argentinean case.

Author Biographies

María Emilia Val, Universidad Nacional de San Martín

María Emilia Val (Argentina) holds a Ph.D. in Sociology, a Master’s in Economic Sociology (UNSAM), and a Bachelor's in Sociology (UBA). She is a postdoctoral researcher at the National Scientific and Technical Research Council (CONICET) at the Center for Social Studies of the Economy within the Interdisciplinary School of High Social Studies (National University of San Martín). She teaches at the University of Buenos Aires and the University of San Martín. Her expertise includes sovereign debt issues, debt restructurings, and international financial architecture.

Rocío Ceballos, Universidad Nacional de San Martín

Rocío Ceballos (Argentina) is a Master’s student in Economic Sociology (UNSAM) and holds a Bachelor's degree in Sociology (UBA). She is a candidate for a doctoral fellowship from the National Scientific and Technical Research Council (CONICET) at the Center for Economic Development Studies (CEED) of the Interdisciplinary School of High Social Studies (National University of San Martín). She teaches at the University of Buenos Aires and specializes in topics related to international financial architecture and financing for energy transition in developing countries.

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Published

2024-08-18

Issue

Vol. 2 No. 2 (2024): AMAG

Section

Essays