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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

The Morocco Policy Analysis model : theoretical framework and policy scenarios

Achour, Aya; Bulíř, Aleš; Chafik, Omar; Remo, Adam - 2021

The Morocco Policy Analysis model (MOPAM) was created in the Bank Al-Maghrib to simulate the impact of external developments, domestic macroeconomic policies, and structural reforms on key macroeconomic aggregates. We describe its structure and demonstrate its operation on two medium-term...

Persistent link: https://www.econbiz.de/10012613662

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

After-effects of the COVID-19 pandemic : prospects for medium-term economic damage

Barrett, Philip; Das, Sonali; Magistretti, Giacomo; … - 2021

may occur. History suggests that deep recessions often leave long-lived scars, particularly to productivity. Importantly …

Persistent link: https://www.econbiz.de/10012605516

Defying the odds : remittances during the COVID-19 pandemic

Kpodar, Roland Kangni; Mlachila, Montfort; Quayyum, Saad; … - 2021

This paper provides an early assessment of the dynamics and drivers of remittances during the COVID-19 pandemic, using a newly compiled monthly remittance dataset for a sample of 52 countries, of which 16 countries with bilateral remittance data. The paper documents a strong resilience in...

Persistent link: https://www.econbiz.de/10012605630

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

Pandemics and inequality : perceptions and preferences for redistribution

Balasundharam, Vybhavi; Dabla-Norris, Era - 2021

This paper uses an individual-level survey conducted by the Edelman Trust Barometer in mid-April for 11 advanced and emerging market economies to examine perceptions of government performance in managing the health and economic crisis, beliefs about the future, and attitudes about...

Persistent link: https://www.econbiz.de/10012518743

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

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