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US federal transfers to individuals are large, countercyclical, vary geographically, and are often credited for helping stabilize regional economies. This paper estimates the short-run effects of these transfers using plausibly exogenous regional variation in temporary stimulus packages and...
Persistent link: https://www.econbiz.de/10012241154
effects. Combining the labor shock and price shock simultaneously, the simulations in this paper show an increase in poverty …
Persistent link: https://www.econbiz.de/10012434648
Persistent link: https://www.econbiz.de/10011559753
As COVID-19 continues to wreak havoc across the world, researchers are attempting to quantify the economic fallout from the pandemic as it continues to unfold. Estimating the economic impacts of a prevailing pandemic is fraught with uncertainties about the epidemiology of the disease and the...
Persistent link: https://www.econbiz.de/10012241326
Relying on a novel dataset covering more than 120,000 firms in 60 countries, this paper con-tributes to the debate about D policies to support businesses through the COVID-19 pandemic. While governments around the world have implemented a wide range of policy support measures, evidence on the...
Persistent link: https://www.econbiz.de/10012434683
Persistent link: https://www.econbiz.de/10003377826
surveys that try to measure expenditures on a comprehensive consumption aggregate. This paper investigates the use of … consumption "sub-aggregates" instead. The use of consumption sub-aggregates is theoretically justified if and only if all the … consumption measures remains an unmet challenge …
Persistent link: https://www.econbiz.de/10012257297
Persistent link: https://www.econbiz.de/10003745117
initial shock due to the pandemic under the assumption that products that are more labor intensive in production are more … domestic food markets could magnify the initial shock. The analysis shows that, in the quarter following the outbreak of the … percent on average. Escalating export restrictions would multiply the initial shock by a factor of 3, with world food prices …
Persistent link: https://www.econbiz.de/10012241198
The paper formalizes and tests the hypothesis that greater exposure to big shocks induces stronger societal responses for adaptation and protection from future big shocks. Support for this hypothesis is found in various strands of the literature and in new empirical tests using cross-country...
Persistent link: https://www.econbiz.de/10012434469