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The Economic Origins of Conflict in Africa

McGuirk, Eoin - 2017

We study the impact of plausibly exogenous global food price shocks on local violence across the African continent. In … food-producing areas, higher food prices reduce conflict over the control of territory (what we call "factor conflict") and … increasingly valuable surplus as their real wages fall. In regions without crop agriculture, higher food prices increase both …

Persistent link: https://www.econbiz.de/10012455624

Scarred Consumption

Malmendier, Ulrike - 2018

significantly less on food and total consumption, after controlling for income, wealth, employment, demographics, and macro …

Persistent link: https://www.econbiz.de/10012453024

Risk Pooling and Precautionary Saving in Village Economies

Fafchamps, Marcel; Shrinivas, Aditya - National Bureau of Economic Research - 2022

to panel data from Indian villages to generate a number of new insights. We find that food expenditures are better … protected from aggregate shocks than non-food consumption, after accounting for non-homotheticity. Village-level consumption …

Persistent link: https://www.econbiz.de/10013334347

The Economic Ripple Effects of COVID-19

Buera, Francisco; Jaef, Roberto N. Fattal; Hopenhayn, … - National Bureau of Economic Research - 2021

What are the effects of a temporary lockdown of the economy? Do firms' deteriorating balance sheets and labor market frictions propagate and prolong the effects? We answer these questions in a model with financial and labor market frictions. The model makes quantitative predictions about the...

Persistent link: https://www.econbiz.de/10012510582

Norwegian and US Policies Alleviate Business Vulnerability Due to the Covid-19 Shock Equally Well

Alstadsæter, Annette - 2020

We use Norwegian administrative data and applications for emergency government support to simulate magnitude and distribution of business revenue shock due to the Covid-19 pandemic. We rely on it to analyze the impact of business support policies available in Norway and the United States by...

Persistent link: https://www.econbiz.de/10012481185

EMEs and COVID-19 : Shutting Down in a World of Informal and Tiny Firms

Alfaro, Laura - 2020

Emerging economies are characterized by an extremely high prevalence of informality, small-firm employment and jobs not fit for working from home. These features factor into how the COVID-19 crisis has affected the economy. We develop a framework that, based on accounting identities and actual...

Persistent link: https://www.econbiz.de/10012481555

Macroeconomic Implications of COVID-19 : Can Negative Supply Shocks Cause Demand Shortages?

Guerrieri, Veronica - 2020

We present a theory of Keynesian supply shocks: supply shocks that trigger changes in aggregate demand larger than the shocks themselves. We argue that the economic shocks associated to the COVID-19 epidemic--shutdowns, layoffs, and firm exits--may have this feature. In one-sector economies...

Persistent link: https://www.econbiz.de/10012481876

COVID-19 and The Macroeconomic Effects of Costly Disasters

Ludvigson, Sydney C. - 2020

calibrated by the cost of March 2020 Coronavirus relief packages, the shock is forecast to lead to a cumulative loss in …

Persistent link: https://www.econbiz.de/10012481943

Nationalism and Economic Exchange : Evidence from Shocks to Sino-Japanese Relations

Fisman, Raymond - 2014

We study the impact of nationalism and interstate frictions on international economic relations by analyzing market reaction to adverse shocks to Sino-Japanese relations in 2005 and 2010. Japanese companies with high China exposure suffer relative declines during each event window; a symmetric...

Persistent link: https://www.econbiz.de/10012458576

Measuring the Equilibrium Impacts of Credit : Evidence from the Indian Microfinance Crisis

Breza, Emily - 2018

In October 2010, the state government of Andhra Pradesh, India issued an emergency ordinance, bringing microfinance …

Persistent link: https://www.econbiz.de/10012453385

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