COVID-19 outbreak disrupted social and economic activity. Impacts on aviation, tourism, retail, financial markets, MSMEs and oil are assessed in this research. Travel and tourism, which contributes 9.2% of the GDP, will impact the GDP growth rate. Airlines will lose USD 1.56 billion. FPIs...

To mitigate the health and economic fallout from the COVID-19 pandemic, governments worldwide engaged in massive fiscal support programs. We show that generous fiscal support is associated with an increase in the demand for consumption goods during the pandemic, but industrial production did not...

Fiscal consolidation is used as a synonym for austerity much as debt restructuring is used as a euphemism for partial repudiation. Inside the political arena of international economics, the nomenclature of government officials in policy debates adopts colorful terminology, such as healthy public...

In this paper, we examine the potential welfare gains and channels of income smoothing for 14 Pacific Island countries (PIC). We find that the overall welfare gains across all PIC (in particular Kiribati, Palau and Papua New Guinea) are higher than the potential gains from risk sharing for OECD...

After the collapse of housing markets during the Great Depression, the U.S. government played a large role in shaping the future of housing finance and policy. Soon thereafter, housing markets witnessed the largest boom in recent history. The objective in this paper is to quantify the...

We follow a representative panel of millions of consumers in the U.S. from 2007 to 2017 and document several facts on the long-term effects of the Great Recession. There were about six million foreclosures in the ten-year period after Lehman's collapse. Owners of multiple homes accounted for 25%...

COVID-19 is one of the most fearsome pandemics that the world is facing right now. COVID-19 has completely driven the people lives of Sri lanka as well as rest of the world, totally in a different way. Economically, Sri lanka was already in a bad condition before start of this pandemic and now...

The corona virus, an invisible virus, have caused almost all of world badly more than World War III. On December 2019, WHO was informed of cases of pneumonia of unknown cause in Wuhan City, China and it was the starting of spreading this COVID 19 virus in word wide. Most of our daily activities...

COVID–19 is the most serious shock in recent history, ironically unprecedented caused to country’s economy. The well-known way to control its spread is continues Sanitation with wearing face masks, washing hands, social distancing, isolating patients, and quarantining those who have been...

The COVID-19 named as the worst economic shock in Sri Lankan story in this study viral outbreak, Sri Lanka is one of the most vulnerable middle income countries. Corona's economic effect may be expected to be significantly direct and indirect since the Sri Lankan economy depends mainly on...