COVID-19 caused an overwhelming wave with large social and economic consequences and huge policy challenges. We provide an evaluation of the impact of the social, economic, and financial policy measures undertaken to ameliorate its negative consequences in Uruguay. Overall, we find that the...

We developed a dynamic stochastic general equilibrium (DSGE) model for a small, open economy with a banking sector and endogenous default to assess two macroprudential tools: countercyclical capital buffers (CCB) and dynamic provisions (DP). The model is estimated with data for Uruguay, where...