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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...
Persistent link: https://www.econbiz.de/10013170081
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A TIP against the COVID-19 pandemic
Chérif, Réda; Hasanov, Fuad - 2020
A universal testing and isolation policy is the most viable way to vanquish a pandemic. Its implementation requires: (i) an epidemiological rather than clinical approach to testing, sacrificing accuracy for scalability, convenience and speed; and (ii) state intervention to ramp up production,...
Persistent link: https://www.econbiz.de/10012252486
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The Great Lockdown : international risk sharing through trade and policy coordination
Engler, Philipp; Pouokam, Nathalie; Rodríguez, Diego; … - 2020
Voluntary and government-mandated lockdowns in response to COVID-19 have caused causing drastic reductions in economic activity around the world. We present a parsimonious two-country-SIR model with some degree of substitutability between home and foreign goods, and show that trading partners'...
Persistent link: https://www.econbiz.de/10012392567
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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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COVID-19 vaccines : a shot in arm for the economy
Hansen, Niels-Jakob Harbo; Mano, Rui - 2021
We quantify the effect of vaccinations on economic activity in the United States using weekly county level data covering the period end-2020 to mid-2021. Causal effects are identified through instrumenting vaccination rates with county-level pharmacy density interacted with state-level vaccine...
Persistent link: https://www.econbiz.de/10012795132
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Monetary policy and COVID-19
Brzoza-Brzezina, Michał; Kolasa, Marcin; Makarski, … - 2021
We study the macroeconomic effects of the COVID-19 epidemic in a quantitative dynamic general equilibrium setup with … play during the epidemic. According to our results, treating the observed output contraction as a standard recession leads … economy and containing the epidemic. If no administrative restrictions are in place, the second motive prevails and, despite …
Persistent link: https://www.econbiz.de/10012795163
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The effects of COVID-19 vaccines on economic activity
Deb, Pragyan; Furceri, Davide; Jiménez, Daniel; … - 2021
Persistent link: https://www.econbiz.de/10012796628
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Determinants of COVID-19 vaccine rollouts and their effects on health outcomes
Deb, Pragyan; Furceri, Davide; Jiménez, Daniel; … - 2021
Persistent link: https://www.econbiz.de/10012796638
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A pandemic forecasting framework : an application of risk analysis
Dizioli, Allan Gloe; Greenwood, Daniel Rivera; … - 2021
explain the epidemic development in the UK, the USA and Brazil through the model lens. Moreover, we show how our model would …
Persistent link: https://www.econbiz.de/10012796794
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IT shields : technology adoption and economic resilience during the COVID-19 pandemic
Pierri, Nicola; Timmer, Yannick - 2020
We study the economic effects of information technology (IT) adoption during the COVID-19 pandemic. Using data on IT adoption covering almost three million establishments in the US, we find that technology adoption can partly shield the economy from the impact of the pandemic. In areas where...
Persistent link: https://www.econbiz.de/10012391986