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COVID-19 has had a disruptive economic impact in 2020, but how long its impact will persist remains unclear. We offer a prognosis based on an analysis of the effects of five previous major epidemics in this century. We find that these pandemics led to significant and persistent reductions in...
Persistent link: https://www.econbiz.de/10013305664
The COVID-19 pandemic had posed a dramatic impact on labor markets across Europe. Forceful fiscal responses have … those schemes in stabilizing household income during the pandemic across European countries. Empirical evidence shows that … market income shocks—almost doubling the extent of the automatic stabilization of the pre-pandemic tax and benefit systems …
Persistent link: https://www.econbiz.de/10014254891
pandemic may be larger than those flowing from the historical pandemics in our sample, and larger than those following typical …
Persistent link: https://www.econbiz.de/10013305612
pandemic: implied stock market volatility, newspaper-based economic policy uncertainty, twitter chatter about economic … pandemic and its economic fallout. Indeed, most indicators reach their highest values on record. Second, peak amplitudes differ …
Persistent link: https://www.econbiz.de/10012251406
A universal testing and isolation policy is the most viable way to vanquish a pandemic. Its implementation requires: (i … economic fallout of the pandemic …
Persistent link: https://www.econbiz.de/10012827589
pandemic as in the context of global as individual countries. The significant effect, such as increasing socio …, both at the macro-systemic level and at the level of the private sector. It is noted that the experience of the pandemic …
Persistent link: https://www.econbiz.de/10014076646
A corollary of the pandemic crisis and the unprecedented contraction of economic activity in Europe is the inevitable … economic consequences of the pandemic crisis, but also to the issue of the savings glut. On the basis of this approach an …
Persistent link: https://www.econbiz.de/10014095367
Persistent link: https://www.econbiz.de/10014225948
Persistent link: https://www.econbiz.de/10013365315
We consider several economic uncertainty indicators for the US and UK before and during the Covid-19 pandemic: implied … emerge. First, all indicators show huge uncertainty jumps in reaction to the pandemic and its economic fallout. Indeed, most …
Persistent link: https://www.econbiz.de/10012829721