Table A7.
Economic Impact Policy Interventions.
| Categorisation | Sub category | Date | Degree | Definition |
|---|---|---|---|---|
| Economic Impact Policy Interventions | Escalating Interventions: Based on the size and the extent of the stimulus package that is implemented as a result of the pandemic |
31/01/20 | Minimal (1) | 31/01/20 Decree: State of emergency resources 5 million Euro for financing the healthcare sector |
| 24/02/20 | Medium (2) | 24/02/20 Minister of Finance Deecree - suspension of taxpayer obligations for all residents in the outbreak areas | ||
| 28/02/20 | Medium (2) | 28/02/2020: Red zone decree a. 500 Euro per month up to three months for affected workers; b. 2.5 million Euro or Small-Medium enterprises; c. 350 million Euro for exporting companies |
||
| 13/03/20 | Significant (3) | ECB President Lagarde announces QE program: • 120 billion Euro • no cutting interest rates |
||
| 16/03/20 | Significant (3) | “Cura Italia” decree: a. 1,65 billion Euro to the healthcare system: b. 50 million Euro to purchase medical devices. c. 600 Euro per month for affected workers d. Fund of 300 million Euro for self-employees professionals e. 600/1000 Euro per month to low income families and disabled people |
||
| 17/03/20 | Significant (3) | European fiscal compact suspension | ||
| 18/03/20 | Significant (3) | ECB announces Euro 750 billion Pandemic Emergency Purchase Programme (PEPP) | ||
| 28/03/20 | Medium (2) | Decree: Municipalities Solidarity fund 4.3 billion Euro Protezione Civile Act: food solidarity for municipalities (400 million Euro) |
||
| 06/04/20 | Medium (2) | 06/04/20 Decreto Liquidità: Credit access and fiscal measures a. VAT suspended for business that registered 33% earnings decreased, earning < 50 million Euro and 50% above this threshold; b. fiscal payments are suspended for businesses that started on April 2019, fiscal measures suspended for all the businesses that registered 33% earnings decreased with no threshold, until June in the Provinces of Bergamo, Brescia, Cremona, Lodi and Piacenza |
||
| De-escalating interventions | 15/04/20 | Medium (2) | Economic Development Ministry Act: funding for development (200,000 billion Euro): • programs of the biomedical and telemedicine sector, • strengthening of the national system of production of medical devices and • services aimed at the prevention of health emergencies |
|
| 15/05/2020 | Significant (3) | Decree “Rilancio”
|