Table 1.
ICES: Dimensions, indicators and data sources.
| Dimension | Indicators | Source of data |
|---|---|---|
| Fiscal policy | All the adopted fiscal measures (as a proportion of GDP) | International Monetary Fund (2020) |
| Monetary policy | Interest rate cut by the monetary policy authority (percentage of the ongoing rate) | International Monetary Fund (2020) |
| The size of the macro-financial package (percentage of GDP) | International Monetary Fund (2020) | |
| Reserve requirement | International Monetary Fund (2020) | |
| Balance of payment/Exchange rate policy | Specific BoP measures coded as a percentage of GDP | International Monetary Fund (2020) |
| A dummy variable taking the value of 1 if there are other reported measures and 0, otherwise | International Monetary Fund (2020) |
Source: Prepared by the author