pay back debt. In the long run, the allocation of undistributed cash to investment, retained earnings, and debt repayment …

per capita) mediated by product vulnerabilities. We account for the precise lag between when the COVID-19 shock hit the … a lower degree of complexity negatively affected exports as a result of this shock. …

considerable time lags. In this paper, we propose a novel method to assess the distributional consequences of macroeconomic shocks … the COVID-19 shock translates into a noticeable reduction in gross labor income across the entire income distribution …

factors from trade-related spillovers, and identify the Covid-19 shock using GDP growth forecast revisions of the IMF in 2020Q …

idiosyncratic shocks or idiosyncratic reactions to common shocks. This paper provides direct evidence for the second channel using … during the period. Moreover, it co-moves with the macro shocks : the largest firms do better than average in good times and … experiment. We find that a higher elasticity to demand shocks explains the larger reaction of top exporters to the Pandemic, with …

explain not only the spread of the disease, but also cross-country spillovers in perceptions about coronavirus risk and in … social distancing behavior. In the early phases of the pandemic, perceptions of coronavirus risk in most countries are … affected by pandemic shocks originating in Italy. Later, the U.S., Spain, and the U.K. play sizable roles. Social distancing …

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 …