There is a slow-down in a country's economy when it faces a pandemic. When the intensity of its spread has been controlled, it needs to be given an encouragement for a revival. Describe how monetary policies of the central bank, and fiscal policies of the finance ministry might be used for such a purpose. What are the rates to be reduced, and which totals must be raised as part of the two policies? .
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Answer:
This policy tracker summarizes the key economic responses governments are taking to limit the human and economic impact of the COVID-19 pandemic. The tracker includes 196 economies. Last updated June 26, 2020.
NOTE: The tracker focuses on discretionary actions and might not fully reflect the policies taken by countries in response to COVID-19, such as automatic insurance mechanisms and existing social safety nets which differ across countries in their breadth and scope. The information included is not meant for comparison across members as responses vary depending on the nature of the shock and country-specific circumstances. Adding up the different measures—tax and spending, loans and guarantees, monetary instruments, and foreign exchange operations—might not provide an accurate estimate of the aggregate policy support. The tracker includes information that is publicly available or provided by the authorities to country teams and does not represent views of the IMF on the measures listed. Please mark the answer as the branliest