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Will Working from Home Stick in Developing Economies?
Conesa Martinez, Marina; Narita, Futoshi; Papageorgiou, … - 2023
about 500 respondents per country. An estimated income discount associated with telework disappeared temporarily at the … onset of the pandemic. A calibrated model indicates that workers’ preferences to telework may largely depend on their … educational attainments. Whether telework will sustain in these countries could depend on obstacles to telework, particularly for …
Persistent link: https://www.econbiz.de/10014350157
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Output Losses in Europe During COVID-19 : What Role for Policies?
Ari, Anil; Atsebi, Jean-Marc; Domenech, Mar - 2022
We use a decomposition methodology to analyze the factors underlying the differentiated output losses of European countries in 2020. Our findings are fourfold: First, 2020 growth outcomes can be explained by differences in mobility, underlying growth trends, and pre-pandemic country...
Persistent link: https://www.econbiz.de/10014079903
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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
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US Housing Market During COVID-19 : Aggregate and Distributional Evidence
Zhao, Yunhui - 2021
Using zip code-level data and nonparametric estimation, I present eight stylized facts on the US housing market in the COVID-19 era. Some aggregate results are: (1) growth rate of median housing price during the four months (April-August 2020) since the Federal Reserve's unprecedented monetary...
Persistent link: https://www.econbiz.de/10013314842
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Gender and Employment in the COVID-19 Recession : Evidence on “She-Cessions”
Bluedorn, John C.; Caselli, Francesca; Hansen, Niels-Jakob - 2022
Early evidence on the pandemic’s effects pointed to women’s employment falling disproportionately, leading observers to call a “she-cession.” This paper documents the extent and persistence of this phenomenon in a quarterly sample of 38 advanced and emerging market economies. We show...
Persistent link: https://www.econbiz.de/10013302778
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Macro-Financial Stability in the COVID-19 Crisis : Some Reflections
Adrian, Tobias; Natalucci, Fabio; Qureshi, Mahvash Saeed - 2023
The global financial system has shown remarkable resilience during the COVID-19 pandemic, despite a sharp decline in economic activity and the initial financial market upheaval in March 2020. This paper takes stock of the factors that contributed to this resilience, focusing on the role of...
Persistent link: https://www.econbiz.de/10014258592
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Public Debt and Real GDP : Revisiting the Impact
de Soyres, Constance; Kawai, Reina; Wang, Mengxue - 2022
This paper provides new empirical evidence of the impact of an unanticipated change in public debt on real GDP. Using public debt forecast errors, we identify exogenous changes in public debt to assess the impact of a change in the debt to GDP ratio on real GDP. By analyzing data on gross public...
Persistent link: https://www.econbiz.de/10013289446
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Exploring the Output Effect of Fiscal Policy Shocks in Low Income Countries
Honda, Jiro - 2020
What do we know about the output effects of fiscal policy in low income countries (LICs)? There are very few empirical studies on the subject. This paper fills this gap by estimating the output effects of government spending shocks in LICs. Our analysis-based on the local projection method-finds...
Persistent link: https://www.econbiz.de/10012831612
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The Evolution of Output in Transition Economies : Explaining the Differences
Berg, Andrew; Borensztein, Eduardo; Sahay, Ratna; … - 2006
What are the relative roles of macroeconomic variables, structural policies, and initial conditions in explaining the time path of output in transition and the large observed differences in output performance across transition economics? Using a sample of 26 countries, this paper follows a...
Persistent link: https://www.econbiz.de/10014179642
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Quarterly GDP Revisions in G-20 Countries : Evidence from the 2008 Financial Crisis
Shrestha, Manik L. - 2013
This paper presents a statistical analysis of revisions in quarterly gross domestic product (GDP) of the Group of Twenty countries (G-20) since 2000. The main objective is to assess whether the reliability of early estimates of quarterly GDP has been weakened from the turmoil of the 2008...
Persistent link: https://www.econbiz.de/10013084476