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Food Prices and the Multiplier Effect of Trade Policy

Giordani, Paolo - 2015

This paper studies the relationship between trade policy and food prices. We show that, when individuals are loss … averse, governments may use trade policy to shield the domestic economy from large food price shocks. This creates a … complementarity between the price of food in international markets and trade policy. Specifically, unilateral actions give rise to a …

Persistent link: https://www.econbiz.de/10013021787

Epidemics, Gender, and Human Capital in Developing Countries

Fabrizio, S.; Gomes, Diego; Meyimdjui, Carine; Mendes … - 2022

Epidemics have disrupted lives for centuries with deleterious human capital and economic repercussions. In this paper, we investigate how epidemics episodes have impacted school dropouts in developing countries, considering 623 epidemics episodes across countries from 1970 to 2019. Our estimates...

Persistent link: https://www.econbiz.de/10013306727

Monetary Policy Transmission and Financial Stability in a LIC : The Case of Bangladesh

Rafiq, Sohrab - 2016

This paper explores how monetary policy affects the real economy and its efficacy in promoting financial stability in a large low income country. This paper shows that monetary policy modestly impacts real economic activity and inflation via the bank lending and financial accelerator channels....

Persistent link: https://www.econbiz.de/10013002148

A Tip Against the COVID-19 Pandemic

Chérif, Réda - 2020

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

The Distributional Impact of Recessions : The Global Financial Crisis and the Pandemic Recession

Shibata, Ippei - 2020

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 individuals interact to consume goods), 'teleworkable'...

Persistent link: https://www.econbiz.de/10012828220

COVID-19 and Emerging Markets : An Epidemiological Model with International Production Networks and Capital Flows

Çakmaklı, Cem - 2020

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

Global Risks and Collective Action Failures : What Can the International Community Do?

Ötker-Robe, İnci - 2014

What do climate change, global financial crises, pandemics, and fragility and conflict have in common? They are all examples of global risks that can cross geographical and generational boundaries and whose mismanagement can reverse gains in development and jeopardize the well-being of...

Persistent link: https://www.econbiz.de/10013043705

Recoveries after Pandemics : The Role of Policies and Structural Features

Cuesta Aguirre, Juan Pablo; Ahmed Hannan, Swarnali - 2022

To shed light on the possible scarring effects from Covid-19, this paper studies the economic effects of five past pandemics using local projections on a sample of fifty-five countries over 1990-2019. The findings reveal that pandemics have detrimental medium-term effects on output,...

Persistent link: https://www.econbiz.de/10013305597

Will COVID-19 Have Long-Lasting Effects on Inequality? Evidence from Past Pandemics

Furceri, Davide; Loungani, Prakash; Ostry, Jonathan David; … - 2022

This paper provides evidence on the impact of major epidemics from the past two decades on income distribution. The pandemics in our sample, even though much smaller in scale than COVID-19, have led to increases in the Gini coefficient, raised the income share of higher-income deciles, and...

Persistent link: https://www.econbiz.de/10013305612

Global Corporate Stress Tests - Impact of the COVID-19 Pandemic and Policy Responses

Tressel, Thierry; Ding, Xiaodan - 2022

Corporate sector vulnerabilities have been a central policy topic since the outset of the COVID-19 pandemic. In this paper, we analyze some 17,000 publicly listed firms in a sample of 24 countries, and assess their ability to withstand shocks induced by the pandemic to their liquidity, viability...

Persistent link: https://www.econbiz.de/10013305627