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European Central Bank's Pandemic Emergency Purchase Program (PEPP). Firms with an investment grade rating benefit relatively … overhang. Firms that are more heavily impacted by the pandemic benefit relatively little from the PEPP, which could reflect … that the business models of some of these firms heavily damaged by the pandemic. Monetary policy in the form of the PEPP …
Persistent link: https://www.econbiz.de/10012297203
This paper analyzes bank stock prices around the world to assess the impact of the COVID-19 pandemic on the banking … vulnerabilities will need to be carefully monitored as the pandemic continues to take a toll on the world's economies …
Persistent link: https://www.econbiz.de/10012297394
initial shock due to the pandemic under the assumption that products that are more labor intensive in production are more … pandemic, the global export supply of food could decrease between 6 and 20 percent and global prices increase between 2 and 6 …
Persistent link: https://www.econbiz.de/10012241198
The size of the economic shocks triggered by the COVID-19 pandemic and the effects of the associated non … over the initial stages of the COVID-19 pandemic. The analysis relies on high-frequency proxies, such as daily electricity … consumption, nitrogen dioxide emission, and mobility records, to trace the economic disruptions caused by the pandemic, and …
Persistent link: https://www.econbiz.de/10012241218
pandemic and provides evidence on the effects of different reopening trajectories and their timing and speed on economic … compared with the countries that rushed into lifting the restrictive measures before the pandemic was under control. Postponing … lifting the restrictions until after the pandemic's peak was reached has a positive impact on economic activity. Governance …
Persistent link: https://www.econbiz.de/10012434406
The coronavirus (COVID-19) pandemic has halted economic activity worldwide, hurting firms and pushing them toward … pandemic, while using credit to remain alive until the crisis subdues. Fourth, the existing legal and regulatory infrastructure … is ill-equipped to deal with an exogenous systemic shock such as this pandemic. Financial sector policies can help …
Persistent link: https://www.econbiz.de/10012241118
pandemic. Increases in mortality are measured in terms of the number of years of life lost (LY) to the pandemic. Additional … June 2020, the pandemic (and the observed private and policy responses) has generated at least 68 million additional …
Persistent link: https://www.econbiz.de/10012241367
How can the world reach herd immunity against COVID-19 before the second anniversary of the pandemic, or March 2022? A … historical vaccination campaigns. Considering existing pre-purchase contracts for vaccines, achieving this target requires … can bring an end to the acute phase of the pandemic early next year …
Persistent link: https://www.econbiz.de/10012564884
The COVID-19-triggered collapse in oil prices in March and April 2020 was the seventh, and by far the most severe, in a series of such collapses since 1970. This paper, first, compares this most recent collapse and its drivers with previous ones in an event study. It finds that it was associated...
Persistent link: https://www.econbiz.de/10012388647
A model of Covid-19 transmission among locations within a country has been developed that is (1) implementable anywhere spatially-disaggregated Covid-19 infection data are available; (2) scalable for locations of different sizes, from individual regions to countries of continental scale; (3)...
Persistent link: https://www.econbiz.de/10012388742