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Inequality in the Impact of the Coronavirus Shock : Evidence from Real Time Surveys
Adams-Prassl, Abi - 2020
We present real time survey evidence from the UK, US and Germany showing that the labor market impacts of COVID-19 differ considerably across countries. Employees in Germany, which has a well-established short-time work scheme, are substantially less likely to be affected by the crisis. Within...
Persistent link: https://www.econbiz.de/10012834873
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Globalization in the Time of COVID-19
Sforza, Alessandro - 2020
networks. In this paper we incorporate production barriers induced by COVID-19 shock into a Ricardian model with sectoral … shock has a considerable impact on most economies in the world, especially when a share of the labor force is quarantined …. Moreover, we show that global production linkages have a clear role in magnifying the effect of the production shock. Finally …
Persistent link: https://www.econbiz.de/10012837986
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Coherence of Output Gaps in the Euro Area : The Impact of the COVID-19 Shock
de Haan, Jakob; Jacobs, Jan P. A. M.; Zijm, Renske - 2022
Using the measures proposed by Mink et al. (2012), we reexamine the coherence of business cycles in the euro area using a long sample period. We also analyze the impact of the COVID-19 pandemic on business cycle coherence and examine whether our measures for business cycle coherence indicate a...
Persistent link: https://www.econbiz.de/10013293282
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"Too Shocked to Search" the COVID-19 Shutdowns' Impact on the Search for Apprenticeships
Goller, Daniel; Wolter, Stefan C. - 2021
This study is, to the best of our knowledge, the first analysis of apprenticeship supply that allows us to analyse the effects of the shutdowns triggered by the COVID-19 pandemic before, during and after these shutdowns by means of daily searches for vacant apprenticeships. Analysing over 10...
Persistent link: https://www.econbiz.de/10013228861
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Projecting the Spread of COVID19 for Germany
Donsimoni, Jean Roch - 2020
We model the evolution of the number of individuals that are reported to be sick with COVID-19 in Germany. Our theoretical framework builds on a continuous time Markov chain with four states: healthy without infection, sick, healthy after recovery or after infection but without symptoms and...
Persistent link: https://www.econbiz.de/10012837989
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An Economic Model of the Covid-19 Epidemic : The Importance of Testing and Age-Specific Policies
Brotherhood, Luiz - 2020
This paper investigates the role of testing and age-composition in the Covid-19 epidemic. We augment a standard SIR epidemiological model with individual choices regarding how much time to spend working and consuming outside the house, both of which increase the risk of transmission. Individuals...
Persistent link: https://www.econbiz.de/10012832194
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Rescue Policies for Small Businesses in the COVID-19 Recession
Nola, Alessandro Di; Kaas, Leo; Wang, Haomin - 2022
programs in a pandemic recession. We calibrate the stationary equilibrium and the pandemic shock to the U.S. economy, taking …
Persistent link: https://www.econbiz.de/10013293851
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Financial Frictions and the Wealth Distribution
Fernández-Villaverde, Jesús - 2020
We postulate a nonlinear DSGE model with a financial sector and heterogeneous households. In our model, the interaction between the supply of bonds by the financial sector and the precautionary demand for bonds by households produces significant endogenous aggregate risk. This risk induces an...
Persistent link: https://www.econbiz.de/10012825400
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Unconventional Monetary Policy Shocks in the Euro Area and the Sovereign-Bank Nexus
Hristov, Nikolay - 2020
We explore the effects of the ECB's unconventional monetary policy on the banks' sovereign debt portfolios. In particular, using panel vector autoregressive (VAR) models we analyze whether banks increased their domestic government bond holdings in response to non-standard monetary policy shocks,...
Persistent link: https://www.econbiz.de/10012838235
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The Effect of U.S. Stress Tests on Monetary Policy Spillovers to Emerging Markets
Liu, Emily - 2019
This paper shows that monetary policy and prudential policies interact. U.S. banks issue more commercial and industrial loans to emerging market borrowers when U.S. monetary policy eases. The effect is less pronounced for banks that are more constrained through the U.S. bank stress tests,...
Persistent link: https://www.econbiz.de/10012858696