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We estimate a three-variate VAR using proxies of global financial uncertainty, the global financial cycle, and world … outbreak. We predict the cumulative loss in world output one year after the uncertainty shock due to Covid-19 to be about 14% …
Persistent link: https://www.econbiz.de/10012834352
We estimate a three-variate VAR using proxies of global financial uncertainty, the global financial cycle, and world … outbreak. We predict the cumulative loss in world output one year after the uncertainty shock due to COVID-19 to be about 14% …
Persistent link: https://www.econbiz.de/10012834372
Even though it is evident that international and global cooperation will be required to overcome this ongoing pandemic, to what extent will such cooperation feature and be relied upon in future negotiations? Trust and confidence in certain relationships and partnerships may, it could be argued,...
Persistent link: https://www.econbiz.de/10012836065
globalization, rapid growth of Information Technology and the Internet Revolution. Since many global economies have become …
Persistent link: https://www.econbiz.de/10012836220
The Coronavirus disease 2019(COVID-19) outbreak has caused havoc across the world. Subsequently, research on COVID-19 … are seriously unwell in hospitals across the world are the tip of the iceberg or not. Accordingly, obtaining this …
Persistent link: https://www.econbiz.de/10012837668
of the disruption in production that started in China and then quickly spread across the world. We find that the COVID-19 … shock has a considerable impact on most economies in the world, especially when a share of the labor force is quarantined …
Persistent link: https://www.econbiz.de/10012837986
The lack of anticipation of a worldwide disruptive event such as the spread of the COVID-19 combined with the breakdown of market mechanisms for the most essential products needed to fight the disease left the governments of many countries unsure of how to react and, often, constrained their...
Persistent link: https://www.econbiz.de/10012838432
How did a health crisis translate to an economic crisis? Why did the spread of the coronavirus bring the global economy … to its knees? The answer lies in two methods by which coronavirus stifled economic activities. First, the spread of the …. We focus on the period from the start of 2020 through March when the coronavirus began spreading into other countries and …
Persistent link: https://www.econbiz.de/10012838535
updated as soon as new regional data is released, as we show by measuring the economic effects of coronavirus. Second, it … provides a consistent narrative of the main regional contributors of world economy's weakness. Third, it allows to perform …
Persistent link: https://www.econbiz.de/10012838842
Using daily data on the coronavirus disease 2019 (COVID-19) cases from China and the rest of the world (ROW), this …, whereas a weekly increase of 1,000 in daily COVID-19 cases in the rest of the world results in about 0.4% of a cumulative …
Persistent link: https://www.econbiz.de/10012839538