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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
We analyze the medium-term macroeconomic impact of the Covid-19 pandemic and associated lock-down measures on low-income countries. We focus on the impact over the medium-run of the degradation of health and human capital caused by the pandemic and its aftermath, exploring the trade-offs between...
Persistent link: https://www.econbiz.de/10013170278
renewed interest in hysteresis has been sparked by the persistence of the Global Financial Crisis and fears of a slow recovery …
Persistent link: https://www.econbiz.de/10012251398
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
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
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
throughout the world. This paper contributes to the literature by investigating whether this impact differs across regions …
Persistent link: https://www.econbiz.de/10014395188
We use a new dataset on non-resource GDP to examine the performance of commodity-exporting countries in terms of macroeconomic stability and economic growth in a panel of up to 129 countries during the period 1970-2007. Our main findings are threefold. First, we find that overall government...
Persistent link: https://www.econbiz.de/10014399309
Persistent link: https://www.econbiz.de/10009756777
Persistent link: https://www.econbiz.de/10009424793