This paper assesses the quantitative impact of government interventions on deaths related to the COVID-19 outbreak. Using daily data for 32 countries and relying on the stringency of the conducted policies, we find that the greater the strength of government interventions at an early stage, the...

This paper assesses the impact of economic policy uncertainty to UK monetary policy stance and exchange rate movements in light of the UK's decision to leave the European Union. Our results show that the economic significance of exchange rate movements heightens during the Referendum period. We...

This paper discusses an empirical model of UK GDP growth in the context of the COVID-19 pandemic. The model estimates that social distancing and lockdown restrictions reduced, on average, annual UK growth by 9.7 percentage points compared to the scenario of no government action. At the other...

I discuss some of the challenges and possible responses of the economics and finance profession following the 2008-2009 financial crisis and the COVID-19 pandemic. I do this in the context of three examples. The first example draws on the Bank of England’s forward guidance on interest rates by...

This paper considers the role of non-pharmaceutical interventions (NPIs) and economic support measures (ESM) in affecting excess unemployment insurance claims in the U.S. Using a panel Vector AutoRegressive specification, we find that unemployment claims are significantly affected by both...