This report and its accompanying interactive map show the vulnerability of every U.S. neighborhood to the economic impact of the COVID-19 crisis. Using data from the American Community Survey, they show that:• High-Poverty Communities Are the Most Economically Vulnerable. About 78 percent of...

This paper examines housing market responses to two outbreaks of respiratory diseases in Hong Kong during the Information Era—the 2003 SARS and COVID-19 outbreaks. The local housing market has withstood both epidemics, and correlated policy measures and collective responses to epidemic events...

We outline two divergent exit strategies of the U.S. from the post COVID-19 debt-overhang, and analyze their implications on Emerging Markets and global stability. The first strategy is the U.S. aiming at returning to the 2019, pre-COVID mode of loose fiscal policy and accommodating monetary...

The economic crisis associated with the emergence of the novel corona virus is unlike standard recessions. Demand for workers in high contact and inflexible service occupations has declined, while parental supply of labor has been reduced by lack of access to reliable child care and in-person...

This paper examines the impact of the Severe Acute Respiratory Syndrome (SARS) epidemic on China’s trade. Using quarterly transaction-level trade data of all Chinese firms, we find that firms in regions with local transmission of SARS experienced lower import and export growth at both the...