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In the third quarter of 2020, the global economy rebounded strongly from the steep fall in output suffered in the first half of the year amid the covid-19 pandemic. Currently, the recovery is being slowed down by another wave of infections and policy measures to contain it, but on aggregate...
Persistent link: https://www.econbiz.de/10012392680
The world economy contracted by close to 10 percent in the first half of 2020 as the COVID-10 pandemic unfolded. After a 3 percent drop in activity in the first quarter, global output contacted by some 7 percent as governments around the world implemented measures to contain the virus and...
Persistent link: https://www.econbiz.de/10012302343
In this paper a two-phase pandemic-economic model is proposed, with phase-specific modeling and policy variables - as suggested by the chronicle of pandemic and economic policy developments over the period 2020-2021. In a first phase, the spread of a pandemic disease is the primary concern of...
Persistent link: https://www.econbiz.de/10014331243
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Modern economic policymaking requires effective communication. In particular, central bankers communicate facts about the economy and aim to shape individuals’ expectations about the economic future and the central bank’s capacity to manage it. To do so effectively, central bankers must...
Persistent link: https://www.econbiz.de/10013403177
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We study the effects of monetary policy shocks on employment gender gaps in a panel of 22 countries using quarterly … shocks, narrowing the employment gender gap over time. Two factors contribute to explaining this heterogeneous effect. First … market adjustment, the narrowing of the gender employment gap is initially driven by a reduction in the gender unemployment …
Persistent link: https://www.econbiz.de/10015059050
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This paper theoretically analyzes the macroeconomic effects of gender discrimination against women in the labor market … leads to a discrimination-induced gender wage gap, lower wages for women and men, lower aggregate output, and lower welfare …
Persistent link: https://www.econbiz.de/10012062713
potential driver of gender wealth inequality, since women are known to be more risk averse, less financially literate, and to … exclusively affects stock market participation of women, we do not observe any gender difference in the active investment behavior … potential distributional effects of monetary policy across gender. Investment plans that would explicitly target female …
Persistent link: https://www.econbiz.de/10012110822