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A lack of timely financing for purchases of vaccines and other health products impeded the global response to the COVID …
Persistent link: https://www.econbiz.de/10015060407
in 2021-22 was driven by the lack of access to vaccines which is beyond countries' control. And although vaccination … inequality declined over time, access to vaccines remains the dominant driver of vaccination inequality …Fighting the COVID-19 pandemic required vaccinations; however, ending it requires vaccination equality. The progress in …
Persistent link: https://www.econbiz.de/10015059887
impact of the pandemic and boosted consumer spending. First, the vaccination deployment has a statistically and economically …
Persistent link: https://www.econbiz.de/10015059500
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/10015059658
Intro -- Contents -- I. INTRODUCTION -- II. THE BASIC MODEL SETTING -- III. MODEL 1: A SIMPLE MODEL WITH NON-RANDOM DEFAULT PROBABILITIES -- IV. INTRODUCING THE POISSON APPROXIMATION -- V. MODEL 2: THE MODEL WITH KNOWN PROBABILITIES REVISITED -- VI. MODEL 3: THE MODEL WITH RANDOM DEFAULT...
Persistent link: https://www.econbiz.de/10012690978
This paper evaluates the global economic consequences of physical climate risks under two Shared Socioeconomic Pathways (SSP 1-2.6 and SSP 2-4.5) using firm-level evidence. Firstly, we estimate the historical sectoral productivity changes from chronic climate risks (gradual changes in...
Persistent link: https://www.econbiz.de/10015059092
Containment measures are crucial to halt the spread of the 2019 COVID-19 pandemic but entail large short-term economic costs. This paper tries to quantify these effects using daily global data on real-time containment measures and indicators of economic activity such as Nitrogen Dioxide (NO2)...
Persistent link: https://www.econbiz.de/10014408837
We study the pass-through of labor costs to prices using a novel data-set that links industry-level wages to sectoral consumer prices through input-output tables. Pass-through increased during the COVID-19 pandemic recovery, temporarily in goods and persistently in services. Our analysis...
Persistent link: https://www.econbiz.de/10015058940
This paper develops a new data-driven metric to capture MacroEconomic Uncertainty (MEU) in the euro area. The measure is constructed as the conditional volatility of the unforecastable components of a large set of time series, accounting for the monetary union as well as cross-country...
Persistent link: https://www.econbiz.de/10015058984
restrictions and vaccination have more pronounced effects. These results have important policy implications in terms of the …
Persistent link: https://www.econbiz.de/10015059089