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This paper aims to provide an empirical investigation of the climate-growth joint dynamics considering exogenous shocks such as the COVID-19 in the Middle East and North Africa (MENA) region, with no presumptions imposed on the direction of causality. To quantify climate change, we use...
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We discuss and review literature on the macroeconomic effects of epidemics and pandemics since the late 20th century. First, we cover the role of health in driving economic growth and well-being and discuss standard frameworks for assessing the economic burden of infectious diseases. Second, we...
Persistent link: https://www.econbiz.de/10012271478
In March 2020, the COVID-19 pandemic, caused by the SARS-CoV-2 virus, swept through the United States. The necessary but costly non-pharmaceutical interventions (NPIs) including social distancing, stay-at-home orders, and the closing or restriction of most businesses greatly increased the...
Persistent link: https://www.econbiz.de/10013162317
This paper places the COVID-19 pandemic into perspective by comparing it to other recent disasters in terms of impacts on the macroeconomy of the U.S. We present a short summary of advances in the state-of-the-art of economic consequence analysis, as well as estimates this approach yields on...
Persistent link: https://www.econbiz.de/10013242148
” (Lavell et al., 2020) that largely contributed to the social construction and creation of this catastrophe. Disaster Risk …
Persistent link: https://www.econbiz.de/10014358541
from the time of the COVID-19 pandemic, including a novel definition of disaster based on COVID-19 intensity. The setup … allows us to disentangle the probability of disaster and investors' updating probability at each point in time which sheds … light on how long-memory investors react to disaster risk and play a role in future prices. The theoretical results show …
Persistent link: https://www.econbiz.de/10015358871
The COVID-19 crisis comes at a complex moment for European climate policy as it pivots from a 40% 2030 emissions reduction target to a European Green Deal that is in better alignment with long-term Paris Agreement goals. Here, the implications of the dramatic fall in economic output associated...
Persistent link: https://www.econbiz.de/10012221290
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