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demonstrate that substitution between market and non-market work provides an additional insurance margin to households, weakening … recessionary effects of uncertainty and can result in aggregate dynamics consistent with a supply-side shock. …
Persistent link: https://www.econbiz.de/10014287049
We identify a novel dimension of monetary policy from high-frequency changes in asset prices around ECB policy events, orthogonal to surprises extracted from risk-free interest rates. We find that it is present in policy events that were interpreted by real-time market commentaries as containing...
Persistent link: https://www.econbiz.de/10012818740
up with a strategy on how to best manage the economy and deal with the fallout of the public health shock, especially on …/paper looks more closely at that episode, dissecting the macroeconomic impact of the coronavirus, viewing it up close through its … impact on households and firms, and then chronicling and reviewing the macroeconomic policy responses of government. It ends …
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We study the dynamic impact of Covid-19, economic mobility, and containment policy shocks. We use Bayesian panel structural vector autoregressions with daily data for 44 countries, identified through sign and zero restrictions. Incidence and mobility shocks raise cases and deaths significantly...
Persistent link: https://www.econbiz.de/10012440388
We study the dynamic impact of Covid-19, economic mobility, and containment policy shocks. We use Bayesian panel structural vector autoregressions with daily data for 44 countries, identified through sign and zero restrictions. Incidence and mobility shocks raise cases and deaths significantly...
Persistent link: https://www.econbiz.de/10012434050
Persistent link: https://www.econbiz.de/10012658932