During the ongoing financial crisis the analysis of similar historical crises has gained more and more attention among economic researchers and forecasters. Existing studies, however, do not tackle the immense heterogeneity that is present in cross-country samples in a formal and consistent way....

There is no guidance on how to deal with the effects of catastrophic events, like the COVID-19 pandemic, on stated preference survey responses, despite the possible impact such events can have on stated values and survey responses. This paper provides a concise analysis of the likely effects of...