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Initial output losses from the Covid-19 pandemic : robust determinants

Furceri, Davide; Ganslmeier, Michael; Ostry, Jonathan David - 2021

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

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 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

Defying the odds : remittances during the COVID-19 pandemic

Kpodar, Roland Kangni; Mlachila, Montfort; Quayyum, Saad; … - 2021

remittance data. The paper documents a strong resilience in remittance flows, notwithstanding an unprecedent global recession …

Persistent link: https://www.econbiz.de/10012605630

Smart containment : lessons from countries with past experience

Fotiou, Alexandra; Lagerborg, Andresa - 2021

information campaigns - rather than stay-at-home requirements. Using past coronavirus outbreaks as an instrumental variable, we …

Persistent link: https://www.econbiz.de/10012604786

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

Ötker-Robe, İnci - 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

Reducing risk while sharing it : a fiscal recipe for the EU at the time of COVID-19

Batini, Nicoletta; Lamperti, Francesco; Roventini, Andrea - 2020

The COVID-19 lockdowns have brought about the need of large fiscal responses in all European countries. However, countries across Europe are differently equipped to respond to the shock due to differences in economic conditions and fiscal space. We build on the model by Berger and others (2019)...

Persistent link: https://www.econbiz.de/10012302037

Financial amplification of labor supply shocks

Biljanovska, Nina; Vardoulakis, Alexandros P. - 2020

We study how financial frictions amplify labor supply shocks in a macroeconomic model with occasionally binding financing constraints. Workers supply labor to entrepreneurs who borrow to purchase factors of production. Borrowing capacity is restricted by the value of capital, generating a...

Persistent link: https://www.econbiz.de/10012302066

Exiting from lockdowns : early evidence from reopenings in Europe

Franks, Jeffrey Richard; Gruss, Bertrand; Mulas … - 2020

European authorities introduced stringent lockdown measures in early 2020 to reduce the transmission of COVID-19. As the first wave of infection curves flattened and the outbreak appeared controlled, most countries started to reopen their economies albeit using diverse strategies. This paper...

Persistent link: https://www.econbiz.de/10012392075

Sectoral shocks and spillovers : an application to COVID-19

Das, Sonali; Magistretti, Giacomo; Pugacheva, Evgenia; … - 2021

historical estimates, together with the network structure of global production, to quantify the spillovers from the economic …

Persistent link: https://www.econbiz.de/10012605501