In this paper, we examine the extent to which a government's response to a pandemic affects election outcomes. Using detailed data on South Korea's 21st legislative election, held in April 2020 during the COVID-19 pandemic, we find that a candidate of the ruling Democratic Party was less...

This paper estimates fiscal multipliers using quarterly data for a panel of nine developing Asian economies, following a vector autoregression model specification, but using local projections to extract the impulse responses. We provide evidence that the 4-quarter and 8-quarter cumulative...

We use dynamic panel data models to generate density forecasts for daily Covid-19 infections for a panel of countries/regions. At the core of our model is a specification that assumes that the growth rate of active infections can be represented by autoregressive fluctuations around a downward...