We follow a representative panel of millions of consumers in the U.S. from 2007 to 2017 and document several facts on the long-term effects of the Great Recession. There were about six million foreclosures in the ten-year period after Lehman's collapse. Owners of multiple homes accounted for 25%...

The global financial crisis (2008-09) led to a sharp contraction in both Euro Area (EA) and US real activity, and was followed by a long-lasting slump. However, the post-crisis adjustment in the EA and the US shows striking differences—in particular, the EA slump has been markedly more...

We investigate the macroeconomic effects of political risk in an information-rich SVAR. Using an external instrument based on an index of US partisan conflict for identification, we find that reduced political risk has expansionary impact: it is immediately priced into stock prices; increases...

The global financial crisis (2008-09) led to a sharp contraction in both Euro Area (EA) and US real activity, and was followed by a long-lasting slump. However, the post-crisis adjustment in the EA and the US shows striking differences - in particular, the EA slump has been markedly more...

COVID-19 outbreak disrupted social and economic activity. Impacts on aviation, tourism, retail, financial markets, MSMEs and oil are assessed in this research. Travel and tourism, which contributes 9.2% of the GDP, will impact the GDP growth rate. Airlines will lose USD 1.56 billion. FPIs...

Using the U.S. Current Population Survey data, this paper compares the distributional impacts of the Pandemic Crisis and those of the Global Financial Crisis in terms of (i) worker characteristics, (ii) job characteristics-'social' (where individuals interact to consume goods), 'teleworkable'...

Abstract India is at a crucial juncture in its fight against COVID-19 pandemic, which is inflicting unprecedented health, economic, and financial stability challenges. The first priority is, of course, to save lives. But the necessary containment measures to limit the spread of the virus are...

‘COVID-19’ has taken the world by storm, challenging the norm of ‘normal’ in most aspects of life. The pandemic situation ‘halted’ almost all economic activities of Sri Lanka. This review study comprehensively examines the impacts of COVID-19 on GDP, employment, poverty, tourism,...

Many infectious diseases have been detected in the world so far. Many of them are still prevalent in the world we live in today. Yet most of it does not affect us in any way. But this epidemic that is occurring at this time when civilization, medicine and technology are well developed is...

COVID-19 is the ongoing menace to the all over the world, labelled as pandemic and worst economic shock in recent history. Sri Lanka is one of the most vulnerable middle-income countries suffer most during this novel virus outbreak. The economic impact of covid-19 can expect substantially both...