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The size of the economic shocks triggered by the COVID-19 pandemic and the effects of the associated non-pharmaceutical interventions have not been fully assessed, because the official economic indicators have not been published. This paper provides estimates of the economic impacts of the...
Persistent link: https://www.econbiz.de/10012832929
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/10012833536
The coronavirus (COVID-19) pandemic has halted economic activity worldwide, hurting firms and pushing them toward … 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/10012834605
COVID-19 can be described as a heat-seeking missile speeding toward the most vulnerable in society. That metaphor applies not just to the vulnerable in the rich world; the vulnerable in the rest of the world are not more immune. Yet, despite the extensive spread of the virus, the mortality toll...
Persistent link: https://www.econbiz.de/10012832606
unemployment, but high levels of informal jobs, low-growth, and almost stagnant real wages. In this context, the crisis destroyed a … wide number of formal jobs, and even informal, increasing the unemployment rates to pre-crisis levels. Manufacturing was …
Persistent link: https://www.econbiz.de/10014099670
fertility distribution of adults in Guinea, Liberia, and Sierra Leone, to estimate the likely impact of the epidemic on the … by the Ebola epidemic are significant, but represent a small fraction (1.4 percent) of the existing orphan burden in the …
Persistent link: https://www.econbiz.de/10012972010
During the past 20 years, Morocco has implemented a wide range of macroeconomic, social, and labor market reforms that have delivered in terms of growth of gross domestic product and household welfare. Yet, these positive developments are not reflected by the main labor market indicators, a...
Persistent link: https://www.econbiz.de/10012973446
Developing countries face a host of macroeconomic challenges in the design and implementation of development strategies and policies. The importance of the underlying poverty and distributional issues creates a need for relevant and reliable ways of tracking the social impact of shocks and...
Persistent link: https://www.econbiz.de/10012783436
In the event of large swings in world food prices, countries often intervene to dampen the impact of international food price spikes on domestic prices and to lessen the burden of adjustment on vulnerable population groups. While individual countries can succeed at insulating their domestic...
Persistent link: https://www.econbiz.de/10012892747
What is the impact of fiscal policy shocks on key macroeconomic variables in Canada? This question triggered renewed interest in the aftermath of the 2008-09 Great Recession. Indeed, as in many advanced economies, fiscal policy in Canada following the recession started with an expansionary phase...
Persistent link: https://www.econbiz.de/10012969405