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Coronavirus : Impact on Stock Prices and Growth Expectations

Gormsen, Niels Joachim Christfort - 2020

growth evolve across horizons in response to the coronavirus outbreak and subsequent policy responses until June 2020 … compute a lower bound on growth expectations across maturities or to estimate expected growth using a forecasting model. We … show how the actual forecast and the bound evolve over time. As of June 8, our forecast of annual growth in dividends is …

Persistent link: https://www.econbiz.de/10012830486

Covid-19 and SME Failures

Gourinchas, Pierre-Olivier; Kalemli-Ozcan, Sebnem; … - 2021

We estimate the impact of COVID-19 on business failures for small and medium sized enterprises (SMEs) using firm-level data in seventeen countries. Absent government support, the failure rate of SMEs would have increased by 9.1 percentage points, representing 4.6 percent of private sector...

Persistent link: https://www.econbiz.de/10013244116

Lockdowns and Innovation : Evidence from the 1918 Flu Pandemic

Berkes, Enrico; Deschênes, Olivier; Gaetani, Ruben; … - 2021

Does social distancing harm innovation? We estimate the effect of non-pharmaceutical interventions (NPIs)—policies that …

Persistent link: https://www.econbiz.de/10013225148

A Distant Mirror of Debt, Default, and Relief

Reinhart, Carmen M. - 2014

countries during and after these overhang episodes, by tracing the evolution of real per capita GDP (levels and growth rates … economic landscape after a final debt reduction is characterized by higher income levels and growth, lower debt servicing …

Persistent link: https://www.econbiz.de/10013045576

The Economic Consequences of Parental Leave Mandates : Lessons from Europe

Ruhm, Christopher J. - 2022

This study investigates the economic consequences of parental leave mandates using data for 16 European countries over the 1969 through 1988 period. Since women use virtually all of the family leave in most nations, men constitute a reasonable comparison group and the natural experiment in most...

Persistent link: https://www.econbiz.de/10014103217

Two Tales of Adjustment : East Asian Lessons for European Growth

Chari, Anusha - 2014

stimulus to austerity in Europe was quite abrupt. The difference in fiscal stance helps explain the difference in the post …

Persistent link: https://www.econbiz.de/10013060259

The Impacts of COVID-19 Illnesses on Workers

Goda, Gopi Shah; Soltas, Evan - 2022

We show that Covid-19 illnesses persistently reduce labor supply. Using an event study, we estimate that workers with week-long Covid-19 work absences are 7 percentage points less likely to be in the labor force one year later compared to otherwise-similar workers who do not miss a week of work...

Persistent link: https://www.econbiz.de/10014077152

Where Have All the Workers Gone? Recalls, Retirements, and Reallocation in the Covid Recovery

Forsythe, Eliza; Kahn, Lisa; Lange, Fabian; Wiczer, David - 2022

At the onset of the COVID pandemic, the U.S. economy suddenly and swiftly lost 20 million jobs. Over the next two years, the economy has been on the recovery path. We assess the labor market two years into the COVID crisis. We show that early employment dynamics were almost entirely driven by...

Persistent link: https://www.econbiz.de/10014078193

Real-Time Poverty, Material Well-Being, and the Child Tax Credit

Han, Jeehoon; Meyer, Bruce; Sullivan, James X. - 2022

In response to the COVID-19 pandemic two new timely poverty measures have been developed to monitor fast-changing economic conditions for the most deprived. The Han et al. near real-time poverty measure uses responses to a global income question on the Monthly Current Population Survey (CPS)...

Persistent link: https://www.econbiz.de/10014078194

What Do Long Data Tell Us About the Inflation Hike Post Covid-19 Pandemic?

Schmitt-Grohé, Stephanie; Uribe, Martín - 2022

To what extent is the recent spike in inflation driven by a change in its permanent component? We estimate a semi-structural model of output, inflation, and the nominal interest rate in the United States over the period 1900-2021. The model predicts that between 2019 and 2021 the permanent...

Persistent link: https://www.econbiz.de/10014078597