Showing 1 - 10 of 202
Persistent link: https://www.econbiz.de/10012796638
explain the epidemic development in the UK, the USA and Brazil through the model lens. Moreover, we show how our model would … have predicted that a super infectious variant, such as the delta, would spread and argue that current vaccination levels … in many countries are not enough to curb other waves of infections in the future. Finally, we briefly discuss the …
Persistent link: https://www.econbiz.de/10012796794
covering the period end-2020 to mid-2021. Causal effects are identified through instrumenting vaccination rates with county …. Specifically, an increase of initiated vaccination rates of 1 percentage point increases weekly consumer spending by 0.6 percent …
Persistent link: https://www.econbiz.de/10012795132
; and (ii) state intervention to ramp up production, similar to True Industrial Policy (TIP), on a global level to achieve a …
Persistent link: https://www.econbiz.de/10012252486
Quick vaccine rollouts are crucial for a strong economic recovery, but vaccine hesitancy could prolong the pandemic and the need for social distancing and lockdowns. We use individual-level data from nationally representative surveys developed by YouGov and Imperial College London to empirically...
Persistent link: https://www.econbiz.de/10012613484
While the COVID-19 pandemic is affecting all countries, output losses vary considerably across countries. We provide a first analysis of robust determinants of observed initial output losses using model-averaging techniques-Weighted Average Least Squares and Bayesian Model Averaging. The results...
Persistent link: https://www.econbiz.de/10012517923
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/10012613506
COVID-19 has had a disruptive economic impact in 2020, but how long its impact will persist remains unclear. We offer a prognosis based on an analysis of the effects of five previous major epidemics in this century. We find that these pandemics led to significant and persistent reductions in...
Persistent link: https://www.econbiz.de/10012613687
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/10012605125
This paper investigates the impact of infectious diseases on the evolution of sovereign credit default swap (CDS) spreads for a panel of 77 advanced and developing countries. Using annual data over the 2004-2020 period, we find that infectious-disease outbreaks have no discernible effect on CDS...
Persistent link: https://www.econbiz.de/10012392655