Policy Tracking Framework

Purpose

Coverage

Policy Focus

Types of actors

Class of Indicators and relationship

Units of analysis

Levels of analysis

IMF Global Policy Response Tracker

To track and summarize key discretionary economic responses taken by governments around the world to limit the human and economic impact of the COVID-19 pandemic.

The policy tracker does not assume to fully reflect all the polices taken by authorities nor does it assume that they reflect the most up-to-date real time developments.

Global, with country specific coverage

Tracker includes 197 economies.

Macroeconomic and Financial counter-cyclical Policy. Automatic insurance mechanisms and existing social safety nets.

Wide array of actors (individual and corporate) within financial and macroeconomic sectors.

Different types of monetary and fiscal counter-cyclical policy measures and their financing implications.

Nature of relationship between indicators would require detailed appreciation of the action situation and actors involved.

USD M/Billions

Per cent of GDP

Evaluation of policy implementation and output process across countries can be done however scope is limited to do so within the framework due to heterogeneity between countries and ambiguity about all actors involved.

The framework is used to inform more detailed analysis and development of policy briefs and flagship reports.

World Bank Global Policy Response Tracker

To provide a real-time review of social protection and job responses to COVID-19 taken by countries around the world.

The policy tracker does not assume to fully reflect all the polices taken by authorities nor does it assume that they reflect the most up-to-date real time developments

Global, with country specific coverage.

Developmental, poverty reduction, health care, macroeconomic and financial counter-cyclical policy. Automatic insurance mechanisms and existing social safety nets.

Wide array of actors (individual and corporate) within financial and macroeconomic sectors..

Different types of monetary and fiscal counter-cyclical policy measures.

Detailed evaluation, review and comparison of social protection and jobs responses to COVID-19 taken by countries around the world.

USD M/Billions

Per cent of GDP

Evaluation of policy implementation and output process across countries can be done however scope is limited to do so within the framework due to heterogeneity between countries and ambiguity about all actors involved.

The framework is used to inform more detailed analysis and development of policy briefs and flagship reports.

OECD Global Policy Response Tracker

To compile data, analysis and recommendations on a range of topics to address the emerging health, economic and societal crisis, facilitate co-ordination, and contribute to global action in the collective fight against COVID-19.

The policy tracker does not assume to fully reflect all the polices taken by authorities nor does it assume that they reflect the most up-to-date real time developments

Global, with country specific coverage.

Macroeconomic and Financial Policy. Automatic insurance mechanisms and existing social safety nets.

Wide array of actors (individual and corporate) within financial and macroeconomic sectors.

Different types of developmental, poverty reducing as well as monetary and fiscal counter-cyclical policy measures.

Nature of relationship between indicators would require detailed appreciation of the action situation and actors involved.

USD M/Billions

Per cent of GDP

Evaluation of policy implementation and output process across countries can be done however scope is limited to do so within the framework due to heterogeneity between countries and ambiguity about all actors involved.

The framework is used to inform more detailed analysis and development of policy briefs and flagship reports.