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Will the economic impact of COVID-19 persist? : prognosis from 21st century pandemics

Emmerling, Johannes; Furceri, Davide; Líbano Monteiro, … - 2021

COVID-19 has had a disruptive economic impact in 2020, but how long its impact will persist remains unclear. We offer a prognosis based on an analysis of the effects of five previous major epidemics in this century. We find that these pandemics led to significant and persistent reductions in...

Persistent link: https://www.econbiz.de/10012613687

Energy, efficiency gains and economic development : when will global energy demand saturate?

Bogmans, Christian; Kiyasseh, Lama; Matsumoto, Akito; … - 2020

Not anytime soon. Using a novel dataset covering 127 countries and spanning two centuries, we find evidence for an energy Kuznets curve, with an initial decline of energy demand at low levels of per capita income followed by stages of acceleration and then saturation at high-income levels....

Persistent link: https://www.econbiz.de/10012392616

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

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 economic impact of the crisis. The unusually large scale of the packages was accompanied by widespread calls for "greening" them to meet the dual goals of economic recovery and...

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

Climate action to unlock the inclusive growth story of the 21st century

Bhattacharya, Amarendra; Ivanyna, Maksym; Oman, William; … - 2021

Climate change is a major threat to the sustainability and inclusiveness of our societies, and to the planet's habitability. A just transition to a low-carbon economy is the only viable way forward. This paper reviews the climate change challenge. It stresses the criticality of systems changes...

Persistent link: https://www.econbiz.de/10012612346

Meeting the Sustainable Development Goals in small developing states with climate vulnerabilities : cost and financing

Tiedemann, Johanna; Piatkov, Veronica; Prihardini, Dinar; … - 2021

Small Developing States (SDS) face substantial challenges in achieving sustainable development. Many of these challenges relate to the small size and limited diversification of their economies. SDS are also among the most vulnerable countries to the impact of climate change and natural...

Persistent link: https://www.econbiz.de/10012518849

How green are green debt issuers?

Schmittmann, Jochen Markus; Teng, Chua Han - 2021

Green debt markets are rapidly growing while product design and standards are evolving. Many policymakers and investors view green debt as an important component in the policy mix to achieve the transition to a low carbon economy and ensure the pricing of climate risks. Our analysis contributes...

Persistent link: https://www.econbiz.de/10012605577

Assessing Competitiveness Using Industry Unit Labor Costs : An Application to Slovakia

International Monetary Fund - 2012

Conceptual ambiguities and statistical weaknesses hamper the assessment of external competitiveness. The term … competitiveness, while applied extensively, is often imprecisely defined, which can result in analytical errors and mistaken policy … advice. Furthermore, aggregate statistical measures of competitiveness in terms of exchange rate misalignment can be biased …

Persistent link: https://www.econbiz.de/10014396613

Limits to private climate change mitigation

Elmalt, Dalya; Igan, Deniz; Kirti, Divya - 2021

As climate change looms larger, many look to sustainable investing that incorporates environmental, social, and governance (ESG) concerns as part of the way forward. To assess scope for ESG-conscious investing to achieve climate change goals, we explore the link between emissions growth and ESG...

Persistent link: https://www.econbiz.de/10012605057

Fiscal Sustainability and the Fiscal Reaction Function for South Africa

Jooste, Charl - 2011

How does the South African government react to changes in its debt position? In investigating the question, this paper estimates fiscal reaction functions using various methods (OLS, VAR, TAR, GMM, State-Space modelling and VECM). The paper finds that since 1946 the South African government has...

Persistent link: https://www.econbiz.de/10014401110

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