We study the role of global supply chains in the impact of the Covid-19 pandemic on GDP growth for 64 countries. We discipline the labor supply shock across sectors and countries using the fraction of work in the sector that can be done from home, interacted with the stringency with which...

When the financial crisis rocked the global markets in 2007, no one at that time could have possibly imagined the extent of the damage that occurred. In months that followed, several major investments and commercial banks would fail, insurance and saving schemes would crash, people would lose...