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Global corporate stress tests : impact of the COVID-19 pandemic and policy responses

Tressel, Thierry; Ding, Xiaodan - 2021

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

Tracking the economic impact of COVID-19 and mitigation policies in Europe and the United States

Chen, Sophia; Igan, Deniz; Pierri, Nicola; Presbitero, … - 2020

We use high-frequency indicators to analyze the economic impact of COVID-19 in Europe and the United States during the early phase of the pandemic. We document that European countries and U.S. states that experienced larger outbreaks also suffered larger economic losses. We also find that the...

Persistent link: https://www.econbiz.de/10012299321

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

Otker-Robe, Inci - 2014

Abstract 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 generations. Managing risks such as these becomes a global …

Persistent link: https://www.econbiz.de/10014411688

Monitoring the climate impact of fiscal policy : lessons from tracking the COVID-19 response

Eltokhy, Khaled; Funke, Katja; Huang, Guohua; Kim, Yujin; … - 2021

In the wake of the COVID-19 crisis, governments around the world announced unprecedented fiscal packages to address the … international organizations attempted to assess the "greenness" of the fiscal policy response of the world's largest economies. This …

Persistent link: https://www.econbiz.de/10012796277

Facing the global financial cycle : what role for policy responses?

Batini, Nicoletta; Durand, Luigi - 2021

Abstract In this paper we ask whether countries can influence their exposure to changes in global financial conditions …. Specifically, we show that even though we can model cross-country capital flows via a global factor that closely tracks changes in … global financial conditions, there is a large degree of heterogeneity in the sensitivity of each country to this same global …

Persistent link: https://www.econbiz.de/10012518283

Consumption effects of mortgage payment holidays : evidence during the COVID-19 pandemic

Albuquerque, Bruno; Varadi, Alexandra - 2022

We use UK transaction-level data during the Covid-19 pandemic to study whether mortgage payment holidays (PH) can act as a mechanism for smoothing household consumption following negative aggregate shocks. Our results suggest that mortgage PH were accessed by both households with pre-existing...