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Using microdata from nationally representative household and labor force surveys, we study the impact and drivers of 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...
Persistent link: https://www.econbiz.de/10014349469
In developing economies, a shift to working from home during the COVID-19 pandemic varies substantially. An increase in teleworking days per week ranges from 0.7 to 17.6 percentage points across 10 developing countries covered by an online survey to about 500 respondents per country. An...
Persistent link: https://www.econbiz.de/10014350157
Remittance flows in emerging market and developing economies were surprisingly resilient during the COVID-19 crisis …
Persistent link: https://www.econbiz.de/10014350412
We document the importance of import prices and domestic profits as a counterpart to the recent increase in euro area inflation. Through a novel consumption deflator decomposition, we show that import prices account for 40 percent of the average change in the consumption deflator over 2022Q1 –...
Persistent link: https://www.econbiz.de/10014353730
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) an epidemiological rather than clinical approach to testing, sacrificing accuracy for scalability, convenience and speed; and (ii) state intervention to ramp up production,...
Persistent link: https://www.econbiz.de/10012827589
Using the U.S. Current Population Survey data, this paper compares the distributional impacts of the Pandemic Crisis … and those of the Global Financial Crisis in terms of (i) worker characteristics, (ii) job characteristics-'social' (where … workers. Unlike during the Global Financial Crisis, however, employment in social industries fell more whereas employment in …
Persistent link: https://www.econbiz.de/10012828220
Child poverty increased dramatically during the COVID-19 pandemic. In 2020 alone, the number of children suffering from poverty in the EU increased by 19 percent, or close to 1 million. Left unaddressed, this would not only affect individuals’ life prospects and well-being but also have...
Persistent link: https://www.econbiz.de/10014344162
We estimate the role of (pre-Ukraine war) supply disruptions in constraining the Covid-19 pandemic recovery, for several advanced economies and emerging markets, and globally. We rely on two approaches. In the first approach, we use sign-restricted Vector Auto Regressions (SVAR) to identify...
Persistent link: https://www.econbiz.de/10014254294
Advanced economies made available more than 5 trillion USD through government-supported credit guarantee and direct loan programs to provide lifelines to firms in the face of the COVID-19 pandemic. Notwithstanding the unprecedented scale of credit made available, an in-depth analysis of the...
Persistent link: https://www.econbiz.de/10014254704