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How does exposure to Covid-19 influence health and income inequality aversion?

Asaria, Miqdad; Costa-Font, Joan; Cowell, Frank A. - 2021

We study the determinants of individual aversion to health and income inequality in three European countries and the … effects of exposure to COVID-19 including the effect employment, income and health shocks using representative samples of the … population in each country. Comparing levels of health- and income-inequality aversion in the UK between the years 2016 and 2020 …

Persistent link: https://www.econbiz.de/10012603145

COVID-19 outbreak, social response, and early economic effects : a global VAR analysis of cross-country interdependencies

Milani, Fabio - 2020

responses to domestic and global health shocks are heterogeneous; however, they almost always exhibit delays and sluggish … adjustments. Unemployment responses vary widely across countries. Unemployment is particularly responsive to health shocks in the …

Persistent link: https://www.econbiz.de/10012263745

Ideological spillovers across the Atlantic? : evidence from Trump's presidential election

Costa-Font, Joan; Ljunge, Martin - 2022

Ideological spillovers refer to the modification of an individual’s core beliefs after learning about other people's beliefs. We study one specific international ideological spillover, namely, the effect of the unexpected election of a United States (US) president (Donald Trump on the 9th of...

Persistent link: https://www.econbiz.de/10012806515

Past exposure to macroeconomic shocks and populist attitudes in Europe

Gavresi, Despina; Litina, Anastasia - 2021

This paper explores the interplay between past exposure to macroeconomic shocks and populist attitudes. We document that individuals who experienced a macroeconomic shock during their impressionable years (between 18 and 25 years of age), are currently more prone to voting for populist parties,...

Persistent link: https://www.econbiz.de/10012694152

World price shocks, income, and democratization

Zissimos, Benjamin - 2015

This paper shows how a world price shock can increase the likelihood that democratization must be used to resolve the threat of revolution. Initially, a ruling elite may be able to use trade policy to maintain political stability. But a world price shock can push the country into a situation...

Persistent link: https://www.econbiz.de/10010485531

Understanding the origins of populist political parties and the role of external shocks

Levi, Eugenio; Sin, Isabelle; Stillman, Steven - 2021

We use electoral survey data to examine the impact that two large external shocks had on the development of New Zealand First (NZF), one of the oldest populist parties in the OECD. We find that structural reforms, which led to large negative impacts on particular locations, and immigration...

Persistent link: https://www.econbiz.de/10012508778

The political costs of oil price shocks

Arezki, Rabah; Djankov, Simeon; Nguyen, Ha; Yotzov, Ivan - 2022

We explore the effect of oil import price shocks on political outcomes using a worldwide dataset on elections of chief executives. Oil import price shocks cause a reduction in the odds of reelection of incumbents, an increase in media chatter about fuel prices, and an increase in non-violent...

Persistent link: https://www.econbiz.de/10013205030

Decoupling global value chains

Eppinger, Peter S.; Felbermayr, Gabriel; Krebs, Oliver; … - 2021

Recent disruptions to global value chains (GVCs) have raised an important question: Can decoupling from GVCs increase a country’s welfare by reducing its exposure to foreign supply shocks? We use a quantitative trade model to simulate GVCs decoupling, defined as increased barriers to global...

Persistent link: https://www.econbiz.de/10012514530

Monetary policy and asset price overshooting: a rationale for the Wall/Main Street disconnect

Caballero, Ricardo J.; Simsek, Alp - 2022

We analyze optimal monetary policy and its implications for asset prices, when aggregate demand has inertia and responds to asset prices with a lag. If there is a negative output gap, the central bank optimally overshoots aggregate asset prices (asset prices are initially pushed above their...

Persistent link: https://www.econbiz.de/10013093040

Distributional effects of macroeconomic shocks in real-time : a novel method applied to the Covid-19 crisis in Germany

Bruckmeier, Kerstin; Peichl, Andreas; Popp, Martin; … - 2020

The highly dynamic nature of the COVID-19 crisis poses an unprecedented challenge to policy makers around the world to take appropriate income-stabilizing countermeasures. To properly design such policy measures, it is important to quantify their effects in real-time. However, data on the...

Persistent link: https://www.econbiz.de/10012383744