Showing 1 - 10 of 142
This paper analyzes the nonfinancial corporation (NFC) sector's financial balance sheets using data available from the OECD. In our sample of 20 advanced economies, corporate debt in percent of GDP-a frequently used indicator in the context of corporate balance sheet adjustments-has remained...
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poverty and inequality in India during the pandemic. We have three main findings. First, India has made significant progress … in reducing poverty in recent decades, but the economic downturn associated with the COVID-19 pandemic is estimated to … significant role in mitigating the increase in poverty during the pandemic …
Persistent link: https://www.econbiz.de/10014349469
We quantify the macroeconomic effects of COVID-19 for a small open economy by calibrating a SIR-multi-sector-macro model. We measure sectoral supply shocks utilizing teleworking and physical job proximity, and demand shocks with credit card purchases. Both shocks are also affected from changing...
Persistent link: https://www.econbiz.de/10012826004
A universal testing and isolation policy is the most viable way to vanquish a pandemic. Its implementation requires: (i … economic fallout of the pandemic …
Persistent link: https://www.econbiz.de/10012827589
Child poverty increased dramatically during the COVID-19 pandemic. In 2020 alone, the number of children suffering from … potential scarring effect of the pandemic, policies should be deployed to reduce rapidly the number of children affected by …
Persistent link: https://www.econbiz.de/10014344162
The COVID-19 pandemic had posed a dramatic impact on labor markets across Europe. Forceful fiscal responses have … those schemes in stabilizing household income during the pandemic across European countries. Empirical evidence shows that … market income shocks—almost doubling the extent of the automatic stabilization of the pre-pandemic tax and benefit systems …
Persistent link: https://www.econbiz.de/10014254891
Many countries have deployed substantial fiscal packages to cushion the economic fallout from the COVID-19 pandemic. A … advanced economies. These results suggest that large-scale fiscal support deployed at the onset of the COVID-19 pandemic could …
Persistent link: https://www.econbiz.de/10014079424
Many countries have deployed substantial fiscal packages to cushion the economic fallout from the COVID-19 pandemic. A … advanced economies. These results suggest that large-scale fiscal support deployed at the onset of the COVID-19 pandemic could …
Persistent link: https://www.econbiz.de/10014079978
, when pandemic-specific factors played a key role above and beyond demand. Prediction errors from a multilateral import … demand model in 2020 vary systematically with the health preparedness of trade partners, suggesting that pandemic … spillovers accounted for up to 60 percent of the observed decline in trade in the early phase of the pandemic, but their effect …
Persistent link: https://www.econbiz.de/10014081240