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Global Risks and Collective Action Failures : What Can the International Community Do?
Otker-Robe, Inci - 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
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A TIP against the COVID-19 pandemic
Chérif, Réda; Hasanov, Fuad - 2020
; and (ii) state intervention to ramp up production, similar to True Industrial Policy (TIP), on a global level to achieve a …
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
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' asynchronous entries into the global pandemic induce mutual welfare … containment policies that aim at optimizing global welfare further enhances the ability of countries to exploit trade …
Persistent link: https://www.econbiz.de/10012392567
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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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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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Will COVID-19 have long-lasting effects on inequality? : evidence from past pandemics
Furceri, Davide; Loungani, Prakash; Ostry, Jonathan David; … - 2021
This paper provides evidence on the impact of major epidemics from the past two decades on income distribution. The pandemics in our sample, even though much smaller in scale than COVID-19, have led to increases in the Gini coefficient, raised the income share of higher-income deciles, and...
Persistent link: https://www.econbiz.de/10012613506
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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
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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
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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
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Improving the short-term forecast of world trade during the Covid-19 pandemic using SWIFT data on letters of credit
Carton, Benjamin; Hu, Nan; Mongardini, Joannes; Moriya, Kei - 2020
-learning algorithms for the world and 40 large economies shows that forecasts based on linear regressions often outperform those based on …
Persistent link: https://www.econbiz.de/10012392595