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Dynamic causality analysis of COVID-19 pandemic risk and oil market changes

So, Mike Ka-pui; Chan, Jacky N. L.; Chu, Amanda M. Y. - In: Journal of risk and financial management : JRFM 15 (2022) 6, pp. 1-11

Crude oil draws attention in recent research as its demand may indicate world economic growth trend in the post …

Persistent link: https://www.econbiz.de/10013273581

Viral shocks to the world economy

Cholodilin, Konstantin Arkadʹevič; Rieth, Malte - 2020

We construct a news-based viral disease index and study the dynamic impact of epidemics on the world economy, using … structural vector autoregressions. Epidemic shocks have persistently negative effects, both directly and indirectly, on affected … countries and on world output. The shocks lead to a signiﬁcant fall in global trade, employment, and consumer prices for three …

Persistent link: https://www.econbiz.de/10012197902

Daily tracker of global economic activity : a close-up of the COVID-19 pandemic

Diaz, Elena; Pérez-Quirós, Gabriel - 2020

This paper develops a novel indicator of global economic activity, the GEA Tracker, which is based on commodity prices selected recursively through a genetic algorithm. The GEA Tracker allows for daily real-time knowledge of international business conditions using a minimum amount of...

Persistent link: https://www.econbiz.de/10012390472

Global Value Chains and U.S. Economic Activity During Covid-19

LaBelle, Jesse; Leibovici, Fernando; Santacreu, Ana Maria - 2021

We investigate the role of global value chains in the declines of manufacturing employment and output in the U.S. during COVID-19. Specifically, we identify the role of global value chains by exploiting heterogeneity across industries in cross-country sourcing patterns and its interaction with...

Persistent link: https://www.econbiz.de/10013219613

Divided We Fall : International Health and Trade Coordination During a Pandemic

Acharya, Viral V.; Jiang, Zhengyang; Richmond, Robert; … - 2021

We analyse the role of international trade and health coordination in times of a pandemic by building a two-economy, two-good trade model integrated into a micro-founded SIR model of infection dynamics. Uncoordinated governments with national mandates can adopt (i) containment policies to...

Persistent link: https://www.econbiz.de/10013245207

Daily Tracker of Global Economic Activity : A Close-Up of the Covid-19 Pandemic

Diaz, Elena Maria; Quirós, Gabriel Pérez - 2021

Persistent link: https://www.econbiz.de/10013314795

Pandemic crises in financial systems : a simulation-model to complement stresstesting frameworks

Idier, Julien; Piquard, Thibaut - 2017

Persistent link: https://www.econbiz.de/10011647278

Models of financial stability and their application in stress tests

Aymanns, Christoph; Farmer, J. Doyne; Kleinnijenhuis, … - 2017

We review heterogeneous agent-based models of financial stability and their application in stress tests. In contrast to the mainstream approach, which relies heavily on the rational expectations assumption and focuses on situations where it is possible to compute an equilibrium, this approach...

Persistent link: https://www.econbiz.de/10011906282

Testing for East-West Contagion in the European Banking Sector During the Financial Crisis

Cocozza, Emidio - 2011

Large and growing international financial linkages between East and West have altered the nature of the stability risks faced by European banking systems, increasing susceptibility to contagion. This paper aims to identify potential risks of cross-border contagion using a sample of large Western...

Persistent link: https://www.econbiz.de/10013125749

Transmissible diseases, vaccination and inequality

Camacho, Carmen; Vasilakis, Chrysovalantis - 2023

We build a Susceptible-Infected-Vaccinated Economic two-sector growth model to study the evolution of inequality in an economy with two groups of workers, who are differently exposed to a transmissible disease. We show that the economy can lead to various scenarios in the long run, which range...

Persistent link: https://www.econbiz.de/10014377749