Chudik, Alexander; Mohaddes, Kamiar; Pesaran, M. Hashem; … - 2021
the Covid-19 pandemic. We show that there exist threshold effects in the relationship between output growth and excess … factors from trade-related spillovers, and identify the Covid-19 shock using GDP growth projection revisions of the IMF in … observations. Our results show that, without policy support, the Covid-19 pandemic would cause a significant and long-lasting fall …