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Many countries have deployed substantial fiscal packages to cushion the economic fallout from the COVID-19 pandemic. A historical look at past pandemics and epidemics highlights concomitant public sector support in response to health crises. This paper assesses how fiscal multipliers could vary...
Persistent link: https://www.econbiz.de/10014079424
Many countries have deployed substantial fiscal packages to cushion the economic fallout from the COVID-19 pandemic. A historical look at past pandemics and epidemics highlights concomitant public sector support in response to health crises. This paper assesses how fiscal multipliers could vary...
Persistent link: https://www.econbiz.de/10014079978
Persistent link: https://www.econbiz.de/10012797000
This paper studies the impulse responses of output and private consumption to the COVID-19 stimulus packages in the U.S. I develop a Structural Vector Autoregression (SVAR) to calculate the orthogonalized impulse response functions (OIRFs) of output and private consumption to a government...
Persistent link: https://www.econbiz.de/10014081381
Persistent link: https://www.econbiz.de/10014330332
Evaluation for Covid-19 Outbreak Public Policies in The World within The Scope of Global Public Goods (GPGs) -- Global Outbreaks from a Historical Perspective and Fiscal Policy: An Analysis for Covid-19 Outbreak -- Increasing Public Expenditures due to Covid-19 Pandemic Crisis: An Assessment...
Persistent link: https://www.econbiz.de/10012814768
Many countries have deployed substantial fiscal packages to cushion the economic fallout from the COVID-19 pandemic. A historical look at past pandemics and epidemics highlights concomitant public sector support in response to health crises. This paper assesses how fiscal multipliers could vary...
Persistent link: https://www.econbiz.de/10015060236
Policymakers imposed constraints on public life in order to contain the Covid-19 pandemic. At the same time, fiscal and monetary policy implemented a large range of of expansionary measures to limit the economic consequences of the pandemic and stimulate the recovery. In this paper, we assess...
Persistent link: https://www.econbiz.de/10012887221
We examine the immediate effects and bounce-back from six modern health crises: 1968 Flu, SARS (2003), H1N1 (2009), MERS (2012), Ebola (2014), and Zika (2016). Time-series models for a large cross-section of countries indicate that real GDP growth falls by around three percentage points in...
Persistent link: https://www.econbiz.de/10012240782
To mitigate the health and economic fallout from the COVID-19 pandemic, governments worldwide engaged in massive fiscal support programs. We show that generous fiscal support contributed to an increase in the demand for consumption goods during the pandemic, but industrial production did not...
Persistent link: https://www.econbiz.de/10014078895