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Epidemiological models assume gravity-like interactions of individuals across space without microfoundations. We … of people across space obey a structural gravity equation. By means of an application to data from Great Britain we show … that our structural-gravity framework: provides a rationale for quarantines; offers a clear mapping from observed geography …
Persistent link: https://www.econbiz.de/10012219352
Persistent link: https://www.econbiz.de/10013348888
and economic welfare using a structural gravity framework for a panel of 97 developed and developing countries from 2000 …-sectional gravity approach, we show that an uncertainty shock directly reduces cross-border trade flows. The paper illustrates the …
Persistent link: https://www.econbiz.de/10013550200
and economic welfare using a structural gravity framework for a panel of 97 developed and developing countries from 2000 …-sectional gravity approach, we show that an uncertainty shock directly reduces cross-border trade flows. The paper illustrates the …
Persistent link: https://www.econbiz.de/10014290194
Confidence dropped universally across countries and sectors during the height of the COVID-19 pandemic in Europe. Latest survey data suggest that confidence is on track for a v-shaped recovery. The swift implementation of stringent containment measures as well as economic stimulus policy...
Persistent link: https://www.econbiz.de/10012254217
We evaluate Germany's temporary value-added tax (VAT) rate reduction as a tool to stimulate consumer spending during the Covid-19 pandemic using a comparative case study approach. We construct a credible counterfactual for Germany in a two-step procedure. First, we carry out a careful...
Persistent link: https://www.econbiz.de/10014275958
We evaluate Germany's temporary value-added tax (VAT) rate reduction as a tool to stimulate consumer spending during the Covid-19 pandemic using a comparative case study approach. We construct a credible counterfactual for Germany in a two-step procedure. First, we carry out a careful...
Persistent link: https://www.econbiz.de/10014259264
For a COVID-19 like pandemic, the Achilles heel is an unsuspecting villain – rapid and global land use changes. The way governments, businesses and communities see, relate to and use land, not only influences the outbreak but also determines their impact on humanity and development. Drawing...
Persistent link: https://www.econbiz.de/10012704882
Recent disruptions to global value chains (GVCs) have raised an important question: Can decoupling from GVCs increase a country’s welfare by reducing its exposure to foreign supply shocks? We use a quantitative trade model to simulate GVCs decoupling, defined as increased barriers to global...
Persistent link: https://www.econbiz.de/10012514530
In early 2020, the disease Covid-19 caused a drastic lockdown of the Chinese economy. We use a quantitative trade model with input-output linkages to gauge the effects of this adverse supply shock in China on the global economy through international trade and global value chains (GVCs). We find...
Persistent link: https://www.econbiz.de/10012291860