COVID-19 has hit the economy in an unprecedented way, abruptly changing the data generating process of many economic time series. This has triggered one of the highest policy interventions that we have ever seen. Policy assessment relies on real time monitoring of the economy using seasonally...

We aim to improve upon the existing empirical literature on international risk sharing under three dimensions. First, we generalize dynamic multi-equation approaches to the estimation of risk sharing channels, by adopting a Heterogeneous Panel VAR model. Within this framework, the coefficients...