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Distributional Effects of Macroeconomic Shocks in Real-Time: A Novel Method Applied to the Covid-19 Crisis in Germany

Bruckmeier, Kerstin; Peichl, Andreas; Popp, Martin; … - 2020

The highly dynamic nature of the COVID-19 crisis poses an unprecedented challenge to policy makers around the world to take appropriate income-stabilizing countermeasures. To properly design such policy measures, it is important to quantify their effects in real-time. However, data on the...

Persistent link: https://www.econbiz.de/10012425654

Will Germany's Temporary VAT Tax Rates Cut as Part of the Covid-19 Fiscal Stimulus Package Boost Consumption and Growth?

Funke, Michael; Terasa, Raphael - 2020

On 3 June 2020, the German government announced a EUR 130 billion fiscal stimulus package to stimulate market demand and jumpstart the economy in the wake of the COVID-19 pandemic lockdown in the spring of 2020. The most prominent measure of this package is an unconventional fiscal policy in the...

Persistent link: https://www.econbiz.de/10012425671

Social Distancing during a Pandemic: The Role of Friends

Bailey, Michael; Johnston, Drew; Koenen, Martin; … - 2020

live in areas with worse coronavirus outbreaks reduce their mobility more than otherwise similar users whose friends live …

Persistent link: https://www.econbiz.de/10012425677

Redistribution and the Monetary-Fiscal Policy Mix

Bhattarai, Saroj; Lee, Jae Won; Yang, Choongryul - 2020

model economy in a Covid-19 recession, and quantify the effects of the transfer components of the Coronavirus Aid, Relief …

Persistent link: https://www.econbiz.de/10012425685

Walking the Tightrope: Avoiding a Lockdown While Containing the Virus

Egert, Balazs; Guillemette, Yvan; Murtin, Fabrice; … - 2020

Empirical work described in this paper explains the daily evolution of the reproduction rate, R, and mobility for a large sample of countries, in terms of containment and public health policies. This is with a view to providing insight into the appropriate policy stance as countries prepare for...

Persistent link: https://www.econbiz.de/10012425703

COVID-19 and global value chains: A discussion of arguments on value chain organization and the role of the WTO

Bacchetta, Marc; Bekkers, Eddy; Piermartini, Roberta; … - 2021

Since the outbreak of the COVID-19 pandemic there has been a discussion among researchers and policy makers about changes to global value chains, both about expected changes and changes that should be promoted by government policies. In this paper we conduct an in-depth analysis of the reasons...

Persistent link: https://www.econbiz.de/10012426583

Regional integration in Bay of Bengal region in post-COVID-19 period

De, Prabir - 2021

Bay of Bengal countries have been affected heavily by the ongoing Coronavirus pandemic. This article argues that the …, particularly when all members have been facing a common challenge to beat the Coronavirus pandemic. This paper briefly discusses … likely economic loss due to the COVID-19 pandemic. The article discusses the magnitude of the Coronavirus pandemic in the Bay …

Persistent link: https://www.econbiz.de/10012426909

The short-term economic effects of COVID-19 and risk-coping strategies of low-income households in Kenya: A rapid analysis using weekly financial household data

Janssens, Wendy; Pradhan, Menno; de Groot, Richard; … - 2020

This research assesses how low-income households in Western Kenya coped with the immediate economic consequences of the COVID-19 outbreak. It uses granular financial data from weekly household interviews covering six weeks before the first case was detected in Kenya to five weeks after. Our...

Persistent link: https://www.econbiz.de/10012427140

Support for Small Businesses amid COVID-19

Goodhart, Charles; Tsomocos, Dimitrios; Wang, Xuan - 2021

A sizeable proportion of enterprises, especially SMEs, assisted by the government, will fail to repay. Should a screening mechanism then be applied to deter those most likely to default from seeking such financial assistance? The answer depends on the relative weights attached to the competitive...

Persistent link: https://www.econbiz.de/10012427144

Intertemporal and Social Preferences predict cooperation in a Social Dilemma: An application in the context of COVID-19

van Hulsen, M.A.J.; Rohde, Kirsten I.M.; van Exel, N.J.A. - 2020

In this paper, we examine the role of intertemporal and social preferences in explaining cooperation in a social dilemma. In the Netherlands, the COVID-19 pandemic raised an acute social dilemma when the government opted for an “intelligent lockdown” to contain the spread of the virus, based...

Persistent link: https://www.econbiz.de/10012427147