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 …

expectations adapt to an exogenous shock: the introduction of soccer ghost games during the COVID-19 pandemic. We find that betting …

the COVID-19 shock translates into a noticeable reduction in gross labor income across the entire income distribution …

with input-output linkages to gauge the effects of this adverse supply shock in China on the global economy through … countries even gain from the shock due to trade diversion. As a key methodological contribution, we quantify the role of GVCs … (in contrast to final goods trade) in transmitting the shock. In a hypothetical world without GVCs, the welfare loss due …

the challenges posed by the coronavirus crisis. This paper uses data over a recent decade for more than 130 nations to …