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Official statistics indicated a break in Okun's law in all the Spanish regions due to the COVID-19 pandemic; however, herein, evidence of the validity of the law is shown. The temporary layoff procedures (ERTE) allowed many workers to maintain their jobs. From the productive point of view, the...
Persistent link: https://www.econbiz.de/10013461322
We show that financial variables contribute to the forecast of GDP growth during the Great Recession, providing additional insights on both first and higher moments of the GDP growth distribution. If a recession is due to an unforeseen shock (such as the Covid-19 recession), financial variables...
Persistent link: https://www.econbiz.de/10012829414
as well as inflation and output the authors produce out-of-sample forecasts for 2000/2001. A comparison of these … significant beneficial employment effects of the policy mix. Other shifts were absent and thus cannot explain the outcome. Output …
Persistent link: https://www.econbiz.de/10003744522
then consider the joint impact of states' unemployment benefit programs and the federal CARES Act on national inequality …
Persistent link: https://www.econbiz.de/10012254047
This paper examines the impact of public sector borrowings on prices, interest rates, and output in Nigeria. It … general price level and output. …
Persistent link: https://www.econbiz.de/10011460388
, taking into account the impact of the pandemics on unemployment. The model is based on a network representing provinces … of hospitalization, intensive care unit (ICU) admission, and death. Unemployment is accounted for as a reduction in the … proportions of infected individuals reduce overall economic activity and therefore increase unemployment. We tested the model …
Persistent link: https://www.econbiz.de/10013471141
This study investigates the effect of fiscal policy shocks on output and unemployment in Nigeria under the Keynesian … of the SVAR model shows shock in public expenditure as having a positive long- lasting effect on output. Revenue shock … was found to exert a positive effect (lower than that of public expenditure shock) on output. However, the effect of …
Persistent link: https://www.econbiz.de/10011661504
Persistent link: https://www.econbiz.de/10010482035
We show that financial variables contribute to the forecast of GDP growth during the Great Recession, providing additional insights on both first and higher moments of the GDP growth distribution. If a recession is due to an unforeseen shock (such as the Covid-19 recession), financial variables...
Persistent link: https://www.econbiz.de/10012241245
We document whether a simple, univariate model for quarterly GDP growth is able to deliver forecasts of yearly GDP growth in a crisis period like the Covid-19 pandemic, which may serve cross-checking forecasts obtained from elaborate and expert models used by forecasting institutions. We include...
Persistent link: https://www.econbiz.de/10014506552