Central banks, fiscal authorities, and international organizations are taking extraordinary steps to respond to the market distress caused by the COVID pandemic. Policy makers need decision support as they consider their options. The Yale Program on Financial Stability (YPFS) is tracking what governments across the world are doing in response to the crisis. Look here for a regularly updated tracker and blog posts on these interventions. In addition, materials from our study of previous financial crises could be of use to policymakers. For many previous interventions, we have summaries of key design decisions and evaluations of outcomes. We also have a rich online archive of implementing documents and public communications from these interventions.
COVID-19 Financial Response Tracker
COVID-19 Intervention Handbook
YPFS keeps a collection of all blog posts related to the COVID-19 crisis in a single PDF document, available here. The page also contains a catalogue of individual posts by subject area, with links to resource guides when relevant. These posts range from analyses of programs around the world to lessons learned from policies enacted as the COVID-19 crisis continues. Both the page and PDF document are updated on a weekly basis.
View Index of all Systemic Risk Blog Posts (Updated weekly)
Key Program Summaries
YPFS will be maintaining documents that provide up-to-date summaries of certain key programs adopted in response to the current pandemic. Depending on the program, these documents may include things like detailed timelines showing when a program was introduced and when and how it was amended. They may also include data on usage to date.
Analyses of Specific Intervention Types
YPFS is putting together resource guides that gather and synthesize materials on crisis response topics that are of particular interest in the present situation. A resource guide consists of an overview and a spreadsheet that catalogs past and current examples of the intervention type, identifies interesting program features, summarizes existing evaluations of programs, and shares general resources on the topic. New resource guides will be added as they become available.
The YPFS Financial Stability blog will be updated regularly with posts about interventions. The blog posts will aim to give context to current proposals by comparing them to previous interventions.
As we update our Preliminary Discussion Drafts we publish them in our YPFS Working Paper Series hosted on SSRN and or in our online Journal of Financial Crises. You may check for the latest editions of case studies by clicking on these links: YPFS Working Paper Series and Journal of Financial Crises.
COVID-19 Coverage from other Outlets
- Oxford University’s COVID-19 Government Response Tracker
- CentralBanking’s live coverage of central banks and regulators
- National Conference of State Legislature’s State Action on Coronavirus (COVID-19)
- National League of Cities’ COVID-19 Local Action Tracker
- International Monetary Fund Policy Responses to COVID-19 Tracker