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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.

Early evidence of the impact of Covid-19 and the recession on older workers in the United States

We summarize the early effects, and anticipated future effects, of the Covid-19 pandemic and resulting recession on older workers in the United States. We start by discussing what we know about how older workers faired in prior recessions in the Unit...
Primary Topic: Recession & recovery
Secondary Topic: Jobs, work, pay & benefits
Lead investigator: Patrick Button
Countries

The impact of emergency cash assistance during a pandemic: experimental evidence from Colombia

We evaluate the impact of cash relief for vulnerable households during a pandemic. On March 31, 2020, Colombia rolled out an unconditional cash transfer program to help low-income households deal with the economic consequences of the coronavirus pand...
Primary Topic: Recession & recovery
Lead investigator: Juliana Londoño-Vélez
Countries

Cross-country economic policy response to Covid-19

With the Covid-19 is still spreading at a rapid pace, the social distancing measures and economic policy response to Covid-19 varies a great deal across countries. For example, Germany’s response to the Covid-19 is very aggressive compared to Swede...
Primary Topic: Recession & recovery
Lead investigator: Sajid M. Chaudhry

Infectious diseases, social distancing and firm dynamics

In this project, we study the economic costs and trade-offs associated to the mitigation measures of social distancing intended to counteract the spread of an epidemic disease. To do so, we introduce the SIR model of epidemic progression in an otherw...
Primary Topic: Recession & recovery
Secondary Topic: Business, big & small
Lead investigator: Andrea Chiavari
Countries

Disasters and defaults

How does the risk of a disaster, such as a climate disaster or an epidemic, affect the default risk of a sovereign country and its ability to issue debt? To analyze this question, we introduce disaster risk into a small open economy model with endoge...
Primary Topic: Recession & recovery
Secondary Topic: Prices & interest rates
Lead investigator: Toan Phan

Debt sharing after Covid-19: how the direct involvement of EU institutions impacts the recovery path of a member state.

The substantial risk to public health posed by the emergence of Covid-19 has resulted in many European Governments taking unprecedented action to arrest the spread of the virus. Administrative closures across a number of economies has resulted in a c...
Primary Topic: Recession & recovery
Secondary Topic: Prices & interest rates
Lead investigator: Kieran McQuinn
Countries

Interlinkages between sustainable development goals and Covid related disaster risk

We identify the key interlinkages (trade-offs and synergies) between the Sustainable Development Goals and the Sendai framework for Covid related disaster risk to analyze the impact of these SDG interlinkages in responding effectively to the Covid-19...
Primary Topic: Recession & recovery
Secondary Topic: Nations, regions & cities
Lead investigator: Ranjula Bali Swain

Macroeconomic effects of the Covid-19 supply shock: evidence from a global country sample and a GVAR model

Given that the Global Vector Autoregressive (GVAR) method, proposed by Pesaran et al. (2004), provides a practical approach to model the world economy, we study the effects on the macroeconomic determinants of a large number of economies around the g...
Primary Topic: Recession & recovery
Lead investigator: Nicholas Apergis

Epidemics, trade and containment policies

The unprecedented spread of Covid-19 has severely disrupted the global economy. This project intends to incorporate the canonical epidemiology mechanism into a two-country dynamic Melitz model to investigate quantitatively how health shock affects th...
Primary Topic: Recession & recovery
Secondary Topic: Trade & supply chains
Lead investigator: Kang Shi
Countries

The trade-offs between economy and health: an assessment of Covid-19 policies in Japan

The goal of this project is to assess the macroeconomic consequence of Japanese economic and health policies in the ongoing Covid-19 pandemic. Based on Eichenbaum-Rebelo Trabandt (2020)'s pandemic macro model, we (i) distinguish tested/non-teste...
Primary Topic: Recession & recovery
Lead investigator: Munechika Katayama
Countries