determining our simulation results. During the national lockdown of spring 2020 the impacts of supply-side (labor) shocks can … account for the vast majority of output losses. In the following stages of the epidemic income and mobility-related effects on …

The coronavirus crisis that started in December 2019 was declared a pandemic by March 2020 and had devastating global … of the lockdown measures. However, the massive fiscal and monetary stimulus packages to counteract the effects of the …

economy that allows discerning between lockdown shocks and a real business cycle shocks. With this methodology at hand, we … then evaluate the impact of lockdown measures on economic uncertainty in a second step. Overall, we only find a moderate … policy uncertainty decreases after a lockdown shock. …

magnitude of lockdown spillovers in a set of panel local projections. We use daily indicators of economic activity such as stock … returns, effective exchange rates, NO2 emissions, mobility and maritime container trade. Lockdown shocks originating in the … stock prices and exports, the spillovers can even be larger than the effect of domestic lockdown shocks. The results are …

estimate the empirical magnitude of lockdown spillovers in a set of panel local projections. We use daily indicators of …. Lockdown shocks originating in the most important trading partners have a strong and significant adverse effect on economic … lockdown shocks. The results are robust with respect to alternative country weights used to construct foreign shocks, i …