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A lack of timely financing for purchases of vaccines and other health products impeded the global response to the COVID-19 pandemic. Based on analysis of contract signature and delivery dates in COVID-19 vaccine advance purchase agreements, this paper finds that 60-75 percent of the delay in...
Persistent link: https://www.econbiz.de/10015060407
Fighting the COVID-19 pandemic required vaccinations; however, ending it requires vaccination equality. The progress in … vaccinations varies greatly across countries, with low- and middle-income countries having much lower vaccination rates than … challenges and vaccine hesitancy. This paper quantifies the importance of various factors in driving vaccination rates across …
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
-response policies have international spillovers. Bilateral product-level data covering about 95 percent of global goods trade reveals … sizable negative international spillovers to trade from supply disruptions due to domestic lockdowns. These international … 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/10015060337
over the last two decades. PICs have become more exposed to the region's business cycles, and spillovers from regional …
Persistent link: https://www.econbiz.de/10009618544
This paper develops a structural macroeconometric model of the world economy, disaggregated into thirty five national economies. This panel unobserved components model features a monetary transmission mechanism, a fiscal transmission mechanism, and extensive macrofinancial linkages, both within...
Persistent link: https://www.econbiz.de/10009618572
Shocks stemming from Brazil - the large neighbor in South America - have historically been a source of concern for policy-makers in other countries of the region. This paper studies the importance of Brazil's influence on its neighboring economies, documenting trade linkages over the last two...
Persistent link: https://www.econbiz.de/10009618584
Over the past two decades, most emerging market economies witnessed two key developments. A marked process of financial integration with the rest of the world, arguably turning these economies more vulnerable to global financial shocks; and an improvement of macroeconomic fundamentals, helping...
Persistent link: https://www.econbiz.de/10009620968
estate investment in China though a low-probability event would be sizable, with large spillovers to a number of China …
Persistent link: https://www.econbiz.de/10009679024
Intro -- Contents -- I. INTRODUCTION -- II. DATA -- III. ECONOMETRIC PRELIMINARIES -- IV. "INTERNATIONAL R&D SPILLOVERS …" REVISITED -- V. INSTITUTIONS AND INTERNATIONAL R&D SPILLOVERS -- VI. CONCLUSIONS -- APPENDIX A: ALTERNATIVE SPECIFICATION …
Persistent link: https://www.econbiz.de/10012682177