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Contagion of fear : is the impact of COVID-19 on sovereign risk really indiscriminate?

Cevik, Serhan; Öztürkkal, Belma - 2020

This paper investigates the impact of infectious diseases on the evolution of sovereign credit default swap (CDS) spreads for a panel of 77 advanced and developing countries. Using annual data over the 2004-2020 period, we find that infectious-disease outbreaks have no discernible effect on CDS...

Persistent link: https://www.econbiz.de/10012392655

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

Supply spillovers during the pandemic : evidence from high-frequency shipping data

Cerdeiro, Diego A.; Komaromi, Andras - 2020

World trade contracted dramatically during the global economic crisis induced by the COVID-19 pandemic. Disruptions in … the supply and demand channels in trade by quantifying the causal effect of supply spillovers from lockdowns. We utilize a … spillovers of lockdowns through international trade. Moreover, the evidence is suggestive of the downstream propagation of …

Persistent link: https://www.econbiz.de/10012486099

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

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

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

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

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 in countries that establish themselves as more attractive...

Persistent link: https://www.econbiz.de/10012796804

Policy analysis and forecasting in the world economy : a panel unobserved components approach

Vitek, Francis - 2012

This paper develops a structural macroeconometric model of the world economy, disaggregated into thirty five national …

Persistent link: https://www.econbiz.de/10009618572

The transmission of external shocks in Asia : country characteristics and policy responses

Deb, Pragyan; Nadeem, Sanaa; Peiris, Shanaka Jayanath - 2021

Persistent link: https://www.econbiz.de/10012487199

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