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Current Research

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Economists from around the world are using real time data collection to better understand the impact the Covid-19 crisis is having on families, workers, firms and society, and how policies can help the recovery out of the crisis. Find out more about how these research teams are carrying out their projects, and what their findings are below.

A cross country analyses of sentiments and emotions, before and after Covid-19, using big data

The main aim of this project is to analyse and compare sentiment and emotions of people in three countries, before and after the introduction of regulations to limit the spread of the Covid-19 virus. The uniqueness in the choice of the countries lies...
Primary Topic: Health, physical & mental
Lead investigator: Talita Greyling

Economic impacts of Covid-19 lockdowns on vulnerable populations: evidence from Jordan

This project examines the economic impact of Covid-19 lockdown policies in Jordan. It focuses on the distributional impacts across different segments of society: the rich and poor, formal and informal workers, occupations, industries, women and refug...
Primary Topic: Inequality & poverty
Secondary Topic: Transport & infrastructure
Lead investigator: Michael Gechter
Countries

How much of China and world GDP has the Coronavirus reduced?

Using a network approach, we estimate the output loss due to the lockdown of the Hubei province triggered by the coronavirus disease (Covid-19). Based on our most conservative estimate, China suffers about 4% loss of output from labor loss, and globa...
Primary Topic: Recession & recovery
Lead investigator: Shaowen Luo
Countries

Preferences and economic decision-making in the wake of Covid-19: experimental evidence from China

Using a large-scale experiment in China we study whether exposure to a major public health crisis affects the stability of economic preferences. We utilise a unique three-wave panel dataset of 539 students at Beijing Universities, collected in Octobe...
Secondary Topic: Health, physical & mental
Lead investigator: Paul Lohmann
Countries

Belief change to market economy or planned economy? shock from Covid-19

Covid-19 has caused panic buying, temporary supply shortage and soaring prices. The Chinese government has formulated restrictive policies to guide the market order. We are curious whether the epidemic had an impact on the belief in the economic syst...
Lead investigator: Naixi Liu
Countries

Containing the virus or reviving the economy? evidence from individual expectations during the Covid-19 epidemic

How does an epidemic affect individuals' expectation on economic prospects? We implement an incentivized longitudinal online survey with randomized controlled trials during the Covid-19 epidemic in China to answer this question. We find that low...
Lead investigator: Keyang Li
Countries

The responses of consumption and prices in Japan to the Covid-19 crisis and the Tohoku earthquake

This note compares the responses of consumption and prices to the Covid-19 shock and another large-scale natural disaster that hit Japan, the Tohoku earthquake in March 2011. The comparison shows that the responses of supermarket sales and prices at ...
Primary Topic: Lessons from history
Secondary Topic: Prices & interest rates
Lead investigator: Tsutomu Watanabe
Countries

Migration and the labor market impacts of Covid-19

Labor migration is a fundamental component of household income for a large number of households in many parts of the world, especially in poorer and more rural areas. Migrant households are hardest hit by Covid-19 mitigation policies as social distan...
Secondary Topic: Families & households
Lead investigator: Nathan Barker
Countries

The sooner, the better: the early economic impact of non-pharmaceutical interventions during the Covid-19 pandemic

The size of the economic shocks triggered by the Covid-19 pandemic and the effects of the associated non-pharmaceutical interventions have not been fully assessed because the official economic indicators have not been published. This paper provides e...
Primary Topic: Recession & recovery
Lead investigator: Asli Demirgüç-Kunt

Covid-19, lockdown and health: the role of air pollution

This paper studies the impact of a prefecture’s lockdown measure in China (Out-side Hubei province), in response to the outbreak of Covid-19, on its air pollution and Covid-19 related health outcomes. In doing that, we use a difference-in-differenc...
Primary Topic: Health, physical & mental
Lead investigator: Linyuan Huang
Countries

The economic impact of Covid-19 and subsequent debt relief policies

Our research project examines the economic effects of Covid-19 and subsequent debt and credit relief policies along the value chain. Our project examines the effects on the micro to small and medium-size enterprises (SMEs) along the value chain as we...
Primary Topic: Business, big & small
Secondary Topic: Recession & recovery
Lead investigator: Giacomo De Giorgi
Countries

Nowcasting (real-time estimates of) aggregate economic activity and financial stability risks using national payment system data during Covid-19 outbreak.

Our goal is to construct a reliable measure to estimate the economic activity and financial stability risk in real time. We use a unique dataset obtained from the National Payment System (NPS) of the Bank of Russia. Dataset is updated daily and conta...
Primary Topic: Business, big & small
Lead investigator: Anna Burova
Countries

Contagion and migration in South Asia

The lockdown in South Asia has led to mass migration of people back to their home towns/villages as the work opportunities in urban centres shrink or are no longer available. This poses a public health risk to rural areas as migrants may spread the v...
Primary Topic: Inequality & poverty
Secondary Topic: Health, physical & mental
Lead investigator: Jean Nahrae Lee

The short run and long run effects of Covid-19 on children’s human capital and labor.

The Covid-19 crisis is likely to bring to the surface weaknesses in the education system of developing countries, with the poorest sections of the population being disproportionately adversely affected. With the social-distancing measures having clos...
Secondary Topic: Inequality & poverty
Lead investigator: Samreen Malik
Countries

The health and wellbeing impacts of Covid-19 among rural households in Bangladesh

To curb the spread of the Covid-19 Bangladesh started a countrywide lockdown from late March 2020, which resulted in business closure and disruption of economic activities bringing the livelihood of millions of people, particularly those in the low-i...
Primary Topic: Health, physical & mental
Lead investigator: Asadul Islam
Countries

Perceived risk and wellbeing during the Covid-19 crisis in India

Covid-19 has paralyzed the world over the last few months and has sent millions into complete lockdown. Residents from developing countries such as India who suffer from widespread poverty and inequality and reside in regions with high population den...
Primary Topic: Health, physical & mental
Secondary Topic: Inequality & poverty
Lead investigator: Debayan Pakrashi
Countries

Disparate impacts of Covid-19 lockdowns in Pakistan affecting girls and rural
residents

In this article, we examine the feasibility of working and studying from home in Pakistan. We take advantage of the 2018–19 Pakistan Social and Living Standards Measurement (PSLM) Survey, released only weeks ago. PSLM is a nationally representative...
Secondary Topic: Inequality & poverty
Lead investigator: Syed Hasan
Countries

Impact of Covid–19 lockdown on the socio-economic condition of informal sector wage workers in India

Outbreak of COVID – 19 pandemic, and nationwide unprecedented lockdown has brought a grinding halt to economic activities, adversely affecting the life and livelihood of informal sector wage workers. They are struggling on two fronts of life: one i...
Secondary Topic: Inequality & poverty
Lead investigator: Archanca Srivastava
Countries

Covid-19 and the future of microfinance: evidence and insights from Pakistan

The Covid-19 pandemic threatens lives and livelihoods, and, with that, has created immediate challenges for institutions that serve affected communities. We focus on implications for local microfinance institutions in Pakistan, a country with a matur...
Primary Topic: Business, big & small
Secondary Topic: Inequality & poverty
Lead investigator: Kashif Malik
Countries

Robo-advisor adoption, willingness to pay, and trust—an experimental investigation pre and during Covid-19

We compare readiness to adopt and willingness to pay for (as a proxy for trust) financial advice provided three ways (algorithm, human, and a hybrid of algorithm and human) using an online and a computerized laboratory experiment. Our experiments wer...
Lead investigator: Daniel Ben David
Countries