In this brief, we provide a back-of-the-envelope estimate of the impact of current mitigation measures on the 2020 GDP growth rate. That impact varies by industry, and we are able to identify this variation by adopting a simple but plausible assumption: industries will remain in business in...

We develop a new analytical framework for both cross-border services trade and services trade through foreign affiliates, based on heterogeneous firms operating under oligopoly. This leads to direct predictions about choice of services delivery (mode of delivery) at the firm level, and about the...