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  1. The effects of fiscal policy on households during the COVID-19 pandemic: evidence from emerging economies
    Published: [2021]
    Publisher:  Macroeconomic Policy Institute (IMK) of Hans-Böckler-Foundation, Düsseldorf, Germany

    In response to the economic crisis created by the COVID-19 pandemic, many governments provided financial assistance to households. Using representative consumer surveys conducted during the pandemic in 2020, we examine the effects of this fiscal... more

    Access:
    Verlag (kostenfrei)
    Verlag (kostenfrei)
    Resolving-System (kostenfrei)
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    DS 488
    No inter-library loan

     

    In response to the economic crisis created by the COVID-19 pandemic, many governments provided financial assistance to households. Using representative consumer surveys conducted during the pandemic in 2020, we examine the effects of this fiscal policy instrument on households in two emerging economies, Vietnam and Thailand. Our paper contributes to the literature by studying consumer sentiment and durable spending responses to government financial support and the underlying transmission channels for these responses. We find that government support improves consumer sentiment and increases the likelihood of durable spending. Possible channels for these effects include more optimistic macroeconomic expectations and higher trust in the government's ability to deal with the pandemic, as well as less concern about the general impact of the crisis. We also find that financial support improves individuals' mental health and life satisfaction. Our results suggest that government financial support not only helps stimulate the economy but also enhances people's well-being more generally.

     

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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/237909
    Series: Working paper / Macroeconomic Policy Institute ; no. 211 (June 2021)
    Subjects: Finanzpolitik; Subvention; Wirkungsanalyse; Konsumentenverhalten; Privater Konsum; Vertrauen; Coronavirus; Vietnam; Thailand; Fiscal policy; Financial support of households; Consumer sentiment; Durables spending; Expectations; Government trust; COVID-19; Thailand; Vietnam
    Scope: 1 Online-Ressource (circa 39 Seiten), Illustrationen
  2. The effects of fiscal policy on households during the COVID-19 pandemic
    Published: 2021
    Publisher:  Verein für Socialpolitik, [Köln]

    In response to the spillovers of the COVID-19 pandemic on the economy, many governments paid cash transfers to households. We examine the effect of this fiscal policy instrument on households in two emerging economies, Vietnam and Thailand. Our... more

    Access:
    Resolving-System (kostenfrei)
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    DSM 13
    No inter-library loan

     

    In response to the spillovers of the COVID-19 pandemic on the economy, many governments paid cash transfers to households. We examine the effect of this fiscal policy instrument on households in two emerging economies, Vietnam and Thailand. Our analysis is based representative population surveys conducted in these countries during the pandemic in 2020. We find that government financial support improves consumer sentiment and increases the likelihood of durable spending. Possibly channels through which financial support affects consumer sentiment are creating more optimism about macroeconomic expectations, raising trust in the government's ability to deal with the pandemic's effect on the economy, lowering general concerns about the impacts of the crisis. We also find that the financial support improves individuals' mental health and life satisfaction. Our results suggest that financial support not only helps stimulate the economy but also enhances people's well-being more generally.

     

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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/242464
    Series: Jahrestagung 2021 / Verein für Socialpolitik ; 125
    Subjects: Fiscal policy; Cash transfer; Consumer sentiment; Expectations; Government Trust; COVID-19; Thailand; Vietnam
    Scope: 1 Online-Ressource (circa 30 Seiten), Illustrationen
  3. The effects of fiscal policy on households during the COVID-19 pandemic
    evidence from emerging economies
    Published: [2021]
    Publisher:  Philipps-University Marburg, School of Business and Economics, Marburg

    In response to the economic crisis created by the COVID-19 pandemic, many governments provided financial assistance to households. Using representative consumer surveys conducted during the pandemic in 2020, we examine the effects of this fiscal... more

    Access:
    Verlag (kostenfrei)
    Resolving-System (kostenfrei)
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    DS 102
    No inter-library loan

     

    In response to the economic crisis created by the COVID-19 pandemic, many governments provided financial assistance to households. Using representative consumer surveys conducted during the pandemic in 2020, we examine the effects of this fiscal policy instrument on households in two emerging economies, Vietnam and Thailand. Our paper contributes to the literature by studying consumer sentiment and durable spending responses to government financial support and the underlying transmission channels for these responses. We find that government support improves consumer sentiment and increases the likelihood of durable spending. Possible channels for these effects include more optimistic macroeconomic expectations and higher trust in the government's ability to deal with the pandemic, as well as less concern about the general impact of the crisis. We also find that financial support improves individuals' mental health and life satisfaction. Our results suggest that government financial support not only helps stimulate the economy but also enhances people's well-being more generally.

     

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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/234874
    Series: Joint discussion paper series in economics ; no. 2021, 20
    Subjects: Finanzpolitik; Subvention; Wirkungsanalyse; Konsumentenverhalten; Privater Konsum; Vertrauen; Coronavirus; Vietnam; Thailand; Fiscal policy; Financial support of households; Consumer sentiment; Durables spending; Expectations; Government trust; COVID-19; Thailand; Vietnam
    Scope: 1 Online-Ressource (circa 38 Seiten), Illustrationen
  4. The effects of fiscal policy on households during the COVID-19 pandemic
    evidence from emerging economies
    Published: [2021]
    Publisher:  Wirtschaftswissenschaftliche Fakultät der Leibniz Universität Hannover, [Hannover]

    In response to the economic crisis created by the COVID-19 pandemic, many governments provided financial assistance to households. Using representative consumer surveys conducted during the pandemic in 2020, we examine the effects of this fiscal... more

    Access:
    Verlag (kostenfrei)
    Verlag (kostenfrei)
    Resolving-System (kostenfrei)
    Technische Informationsbibliothek (TIB) / Leibniz-Informationszentrum Technik und Naturwissenschaften und Universitätsbibliothek
    No inter-library loan
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    DS 8
    No inter-library loan

     

    In response to the economic crisis created by the COVID-19 pandemic, many governments provided financial assistance to households. Using representative consumer surveys conducted during the pandemic in 2020, we examine the effects of this fiscal policy instrument on households in two emerging economies, Vietnam and Thailand. Our paper contributes to the literature by studying consumer sentiment and durable spending responses to government financial support and the underlying transmission channels for these responses. We find that government support improves consumer sentiment and increases the likelihood of durable spending. Possible channels for these effects include more optimistic macroeconomic expectations and higher trust in the government’s ability to deal with the pandemic, as well as less concern about the general impact of the crisis. We also find that financial support improves individuals’ mental health and life satisfaction. Our results suggest that government financial support not only helps stimulate the economy but also enhances people’s well-being more generally.

     

    Export to reference management software   RIS file
      BibTeX file
    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/235233
    Series: Hannover economic papers (HEP) / Wirtschaftswissenschaftliche Fakultät der Leibniz Universität Hannover ; Nummer: 685 (May 2021)
    Subjects: Finanzpolitik; Subvention; Wirkungsanalyse; Konsumentenverhalten; Privater Konsum; Vertrauen; Coronavirus; Vietnam; Thailand; Fiscal policy; Financial support of households; Consumer sentiment; Durables spending; Expectations; Government trust; COVID-19; Thailand; Vietnam
    Scope: 1 Online-Ressource (circa 37 Seiten), Illustrationen