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When Do Shelter-in-Place Orders Fight Covid-19 Best? Policy Heterogeneity Across States and Adoption Time

Dave, Dhaval; Friedson, Andrew; Matsuzawa, Kyutaro; … - 2021

, 2020, 40 states and the District of Columbia adopted SIPOs. This study explores the impact of SIPOs on health, with … in the rate at which state residents remained in their homes full-time. Then, using daily state-level coronavirus case … benefits from their SIPOs. Finally, we find that statewide SIPOs were associated with a reduction in coronavirus-related deaths …

Persistent link: https://www.econbiz.de/10013221970

Can the Covid Bailouts Save the Economy?

Elenev, Vadim - 2020

marginally higher welfare. Finally, we study longer-run consequences for firm leverage and intermediary health when pandemics …

Persistent link: https://www.econbiz.de/10012833129

Covid-19 and SME Failures

Gourinchas, Pierre-Olivier; Kalemli-Ozcan, Sebnem; … - 2021

We estimate the impact of COVID-19 on business failures for small and medium sized enterprises (SMEs) using firm-level data in seventeen countries. Absent government support, the failure rate of SMEs would have increased by 9.1 percentage points, representing 4.6 percent of private sector...

Persistent link: https://www.econbiz.de/10013244116

The Impact of Covid-19 on Small Business Owners : Evidence of Early-Stage Losses from the April 2020 Current Population Survey

Fairlie, Robert W. - 2020

Social distancing restrictions and demand shifts from COVID-19 are expected to shutter many small businesses, but there is very little early evidence on impacts. This paper provides the first analysis of impacts of the pandemic on the number of active small businesses in the United States using...

Persistent link: https://www.econbiz.de/10012831845

When Selling Becomes Viral : Disruptions in Debt Markets in the Covid-19 Crisis and the Fed's Response

Haddad, Valentin - 2020

We study disruptions in debt markets during the COVID-19 crisis. The safer end of the credit spectrum experienced significant losses that are hard to fully reconcile with standard default or risk premium channels. Corporate bonds traded at a large discount to their corresponding CDS, and this...

Persistent link: https://www.econbiz.de/10012833749

Banks as Lenders of First Resort : Evidence from the Covid-19 Crisis

Li, Lei - 2020

In March of 2020, banks faced the largest increase in liquidity demands ever observed. Firms drew funds on a massive … shutdown designed to contain the COVID-19 crisis. The increase in liquidity demands was concentrated at the largest banks, who … serve the largest firms. Pre-crisis financial condition did not limit banks' liquidity supply. Coincident inflows of funds …

Persistent link: https://www.econbiz.de/10012832463

How Does Government Borrowing Affect Corporate Financing and Investment?

Graham, John R. - 2014

corporate liquidity. These relations are more pronounced in larger, less risky firms whose debt is a closer substitute for … competition for Treasury securities. In concert, our results suggest that large, financially healthy corporations act as liquidity …

Persistent link: https://www.econbiz.de/10013045580