COVID-19 in Uruguay: A survey of policy responses and their impact

Produced by: 
Banco Central del Uruguay
Available from: 
March 2022
Paper author(s): 
Elizabeth Bucacos
Patricia Carballo
Miguel Mello
Jorge Ponce
Education - Health
Politics and Economy

COVID-19 implied an overwhelming shock with large economic consequences. In this paper, we provide an evaluation of the impact of the social, economic, and financial policy measures undertaken to ameliorate its negative consequences in Uruguay. We start by surveying the immediate impact of the shock and the main policy responses. Next, we take a threefold approach to evaluate their impact on GDP, inflation, inflation expectations, investment, consumption, hours worked and firms’ financing. The results show that the policy response had a significant effect on mitigating the negative impact of the pandemic.


Research section: 
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