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Diversion of tourism flows in the Asia & Pacific region : lessons for COVID-19 recovery
Balasundharam, Vybhavi; Koepke, Robin - 2021
The COVID-19 pandemic prompted a collapse in international tourism, severely impacting the tourism-dependent economies … in the Asia and Pacific region. Once countries start reopening, tourism diversion effects could accelerate the recovery … of previous shocks in tourism competitor countries on visitor inflows, with a particular focus on tourism …
Persistent link: https://www.econbiz.de/10012796804
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Japan's inbound tourism boom : lessons for its post-COVID-19 revival
Anh Thi Ngoc Nguyen - 2020
In this paper, we review developments in Japanese inbound tourism and investigate the main determinants of its rapid … growth prior to the COVID-19 pandemic. Using a panel autoregressive distributed lag (ARDL) model with data on 34 tourism … source markets from 1996Q1 to 2018Q4, we find that not only tourist income and tourism-related relative prices, also visa …
Persistent link: https://www.econbiz.de/10012301934
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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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Financial concerns and the marginal propensity to consume in COVID times : evidence from UK survey data
Albuquerque, Bruno; Green, Georgina - 2022
We study how household concerns about their future financial situation may affect the marginal propensity to consume (MPC) during the COVID-19 pandemic. We use a representative survey of UK households to compute the MPC from a hypothetical transfer of pound 500. We find that household...
Persistent link: https://www.econbiz.de/10013169991
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Digitalization and resilience : firm-level evidence during the COVID-19 pandemic
Abidi, Nordine; El Herradi, Mehdi; Sakha, Sahra - 2022
The COVID-19 pandemic has resulted in an unprecedented shock to firms with adverse consequences for existing productive capacities. At the same time, digitalization has increasingly been touted as a key pathway for mitigating economic losses from the pandemic, and we expect firms facing digital...
Persistent link: https://www.econbiz.de/10013170239
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Emerging markets : prospects and challenges
Gudmundsson, Tryggvi; Kljuev, Vladimir Vladimirovič; … - 2022
This article documents recent developments in emerging markets in the context of the COVID-19 pandemic, assesses their prospects and challenges, and discusses appropriate policy settings for the medium term. It argues that EM policymakers' ability to grapple with an incomplete and uneven...
Persistent link: https://www.econbiz.de/10013170245
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Loss-of-learning and the post-Covid recovery in low-income countries
Buffie, Edward F.; Adam, Christopher S.; Zanna, Luis-Felipe - 2022
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
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The effects of fiscal measures during COVID-19
Deb, Pragyan; Furceri, Davide; Ostry, Jonathan David; … - 2021
This paper empirically examines the effects of fiscal policy measures during the COVID-19 pandemic, using a novel database of daily fiscal policy announcements-classified by type of fiscal measure-and high-frequency economic indicators for 52 countries from January 1 to December 31, 2020. The...
Persistent link: https://www.econbiz.de/10012796244
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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
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Morocco's monetary policy transmission in the wake of the COVID-19 pandemic
Queyranne, Maximilien; Baksa, Dániel; Bazinas, Vassili; … - 2021
This paper finds that the neutral interest rate has been on a downward trajectory in Morocco since the global financial crisis and may have fallen in the wake of the pandemic. In that context, monetary policy transmission to output and prices appears relatively muted given limited exchange rate...
Persistent link: https://www.econbiz.de/10012796623