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This paper makes a set of estimates for the potential impact of the COVID-19 pandemic on poverty incidence, intensity, and severity in developing countries and on the distribution of global poverty. We conclude there could be increases in poverty of a substantial magnitude-up to 400 million new...
Persistent link: https://www.econbiz.de/10012233728
The COVID-19 pandemic represents an unprecedented global crisis. The task for economic policy is to help keep people alive, enterprises afloat, and households out of poverty. The pandemic has macroeconomic dimensions. First, it affects macroeconomic stability and growth. Second, the tools of...
Persistent link: https://www.econbiz.de/10012228062
This paper provides a preliminary assessment of COVID-19's impact on global poverty in the light of the IMF's April 2020 growth forecasts. The analysis shows that the pandemic will have dramatic consequences, eroding many of the gains recorded over the last decade in terms of poverty reduction....
Persistent link: https://www.econbiz.de/10012228066
The COVID-19 pandemic holds at least seven lessons for the relationship between data-driven decision making, the use of artificial intelligence, and development. These are that (1) in a global crisis, the shifting value of data creates policy pitfalls; (2) predictions of crises and how they play...
Persistent link: https://www.econbiz.de/10012268212
The objective of this paper is to focus on fragility research findings and examine what works or does not work in development aid and development cooperation in fragile and conflictaffected contexts. We draw on our own research findings as well as country-level studies. We examine questions of...
Persistent link: https://www.econbiz.de/10013549882
The social and ecomomic impact of COVID-19 has been deep, wide-ranging, and multidimensional. While anecdotal evidence of distress among the poor, particularly those with informal occupations, has been widespread, effective policy response has required real-time, researched data disaggregated...
Persistent link: https://www.econbiz.de/10012816294
The COVID-19 pandemic increased public debt and changed the income distribution in many countries. We use a numerical simulation approach to derive optimal nonlinear marginal tax rates for the pre-crisis and crisis periods. We contribute to the literature by examining optimal tax rates...
Persistent link: https://www.econbiz.de/10014449851
Studies on the impact of the COVID-19 pandemic have demonstrated that poor women have been the worst sufferers in terms of pay cuts and job losses. Women are the hardest hit also at the household level. They have to bear the brunt of constrained household budgets and have also encountered...
Persistent link: https://www.econbiz.de/10013380664
In this paper we make estimates of the potential short-term economic impact of COVID-19 on global monetary poverty through contractions in per capita household income or consumption. Our estimates are based on three scenarios: low, medium, and high global contractions of 5, 10, and 20 per cent;...
Persistent link: https://www.econbiz.de/10012198871
The global spread of COVID-19 is one of the largest threats to people and governments since the Second World War. The on-going pandemic and its countermeasures have led to varying physical, psychological, and emotional experiences, shaping not just public health and the economy but also...
Persistent link: https://www.econbiz.de/10012233710