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small impact on aggregate employment because (i) jobs are saved predominately in less productive firms that account for a … small share of employment and (ii) the grant induces a reallocation of resources away from larger and less impacted firms …
Persistent link: https://www.econbiz.de/10013166369
business cycle coherence did not increase monotonically. The COVID-19 pandemic made that the signs of the output gaps of euro … area countries became more similar, but we find large differences in the amplitude of the output gaps across countries. …
Persistent link: https://www.econbiz.de/10013168003
important source of output fluctuations in advanced economies after 2008. …
Persistent link: https://www.econbiz.de/10012162762
episodes between 1950 and 2008 among 138 countries, and then examine the phases of decline and their duration. In some … institutions precede crises and, interestingly, positive reforms occur thereafter. Strong institutions shorten the duration of …
Persistent link: https://www.econbiz.de/10010234524
businesses boost the capital stock and the employment rate. No robust link between labour market regulation and MFP and capital … deepening could be established. But looser labour market regulation is found to go hand in hand with higher employment rates …
Persistent link: https://www.econbiz.de/10011800715
We examine the supply-side characteristics - unskilled labor, imported input intensity, dependence on inputs from China, production complexity - that determine different potential vulnerabilities of traded products to the COVID-19 pandemic. Relying on monthly exports at the product level by all...
Persistent link: https://www.econbiz.de/10013167964
Almost all countries announced fiscal support programs once COVID-19 hit. However, there was significant diversity in the magnitude and composition of these fiscal stimulus programs. These differences were determined by myriad political, financial, social, and economic factors - these factors...
Persistent link: https://www.econbiz.de/10012628797
We combine phone-survey data from 2,200 students collected in July-August of 2020 with student-level administrative data from 54 schools in four Northwestern provinces of Cambodia to investigate the implications of the COVID-19 pandemic for grade 9 students. These students were particularly...
Persistent link: https://www.econbiz.de/10013177120
This paper analyzes the initial impact and recovery of globally engaged firms from the COVID-19 crisis. It uses rich survey data of nearly 65,000 firm-year observations in 45 countries spanning three waves of data collection. The findings are organized in a series of stylized facts, which...
Persistent link: https://www.econbiz.de/10013183698
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/10012211549