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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
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Social repercussions of pandemics
Barrett, Philip; Chen, Sophia - 2021
Epidemics may have social scarring effects, increasing the likelihood of social unrest. They may also have mitigating effect, suppressing unrest by dissuading social activities. Using a new monthly panel on social unrest in 130 countries, we find a positive cross-sectional relationship between...
Persistent link: https://www.econbiz.de/10012517929
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Corporate funding and the COVID-19 crisis
Deghi, Andrea; Seneviratne, Dulani; Tsuruga, Tomohiro; … - 2021
COVID-19 pandemic (February-June 2020) using various approaches to identify credit supply shocks. The pandemic crisis …
Persistent link: https://www.econbiz.de/10012518978
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US housing market during COVID-19 : aggregate and distributional evidence
Zhao, Yunhui - 2020
COVID-19 era. Some aggregate results are: (1) growth rate of median housing price during the four months (April-August 2020 … displays a structural break since March 2020 (housing demand has increased by much more than before). These results indicate … find that the developments in housing price, demand, and supply since April 2020 are similar across urban, suburban, and …
Persistent link: https://www.econbiz.de/10012392046
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Hysteresis and business cycles
Cerra, Valerie; Fatás, Antonio; Saxena, Sweta Chaman - 2020
Traditionally, economic growth and business cycles have been treated independently. However, the dependence of GDP levels on its history of shocks, what economists refer to as 'hysteresis,' argues for unifying the analysis of growth and cycles. In this paper, we review the recent empirical and...
Persistent link: https://www.econbiz.de/10012251398
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China : how can revenue reforms contribute to inclusive and sustainable growth?
Lam, W. Raphael; Wingender, Philippe - 2015
Revenue reforms can contribute to more inclusive, green, and sustainable growth in China. Relative to OECD economies, fiscal policy in China is less redistributive. Options for promoting more inclusive growth include improving the progressivity of labor taxes (individual income tax and social...
Persistent link: https://www.econbiz.de/10011281983
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From containment to rationalization : increasing public expenditure efficiency in France
Hallaert, Jean-Jacques; Queyranne, Maximilien - 2016
Achieving France's medium-term fiscal targets will require significant expenditure efforts. This paper identifies areas where there is scope for increasing expenditure efficiency, with a view to achieving higher quality and more sustainable fiscal consolidation. The methodology is based on a...
Persistent link: https://www.econbiz.de/10011436803
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Estimating the employment and GDP multiplier of emergency cash transfers in Brazil
Cunha, Daniel; Pereira, Joana; Perrelli, Roberto; … - 2022
We estimate the subnational employment and GDP multiplier of Brazil's 2020 federal cash transfers to vulnerable …
Persistent link: https://www.econbiz.de/10013169975
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Is there a one-size-fits-all approach to inclusive growth? : a case study analysis
Balasubramanian, Sriram; Bounader, Lahcen; Bricco, Jana; … - 2021
Is there a one-size-fits-all approach to inclusive growth? We look at four key case studies across advanced and emerging markets-the Nordics, India, Brazil, and Egypt-to try to answer this question. We highlight qualitatively in these countries the key components of inclusive growth models,...
Persistent link: https://www.econbiz.de/10012605019
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Guaranteed minimum income schemes in Europe : landscape and design
Coady, David P.; Jahan, Samir; Matsumoto, Riki; Shang, … - 2021
This paper provides an overview of the design of means-tested Guaranteed Minimum Income schemes, which constitute an important component of social protection systems in European countries. It discusses how key design features differ across countries, including how countries balance the primary...
Persistent link: https://www.econbiz.de/10012605683