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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.

Daily monitoring of economic activity in North America by electricity consumption

Amid the Covid-19 outbreak, governments across the globe mandated lockdowns that brought economic activity to an abrupt halt. In normal times, to gauge about the level of economic activity, policymakers consider an extensive set of macroeconomic data...
Primary Topic: Recession & recovery
Secondary Topic: Jobs, work, pay & benefits
Lead investigator: Tatjana Dahlhaus
Countries

Resilience to economic shocks through continued electricity access

As Covid-19 spreads, access to reliable electricity will be critical in allowing households and firms to continue productive activities, keep their phones charged, and stay up-to-date on public health guidelines. Government restrictions that are need...
Primary Topic: Inequality & poverty
Secondary Topic: Recession & recovery
Lead investigator: Catherine Wolfram
Countries

Covid-19 and labour demand: evidence from Russia

The study is aimed to consider the impact of the Covid-19 on the labour market in Russia. In particular, we analyze the labour demand and its dynamics before and during the crisis, and estimate how the pandemic has changed the monetary value of the s...
Lead investigator: Sofia Paklina
Countries

Entering the labour market during a pandemic: scarring effects and youth unemployment

This research aims to investigate the consequences of the Covid-19 pandemic for labour market entrants, in particular the scarring effects on university graduates and the impact on youth unemployment. Macroeconomists have described the pandemic-drive...
Lead investigator: Francesco Amodio

Do Environmental, Societal, and Governance (ESG) efforts make firms less vulnerable to financial market shocks? Evidence from the Covid-19 pandemic

Previous research indicates that stocks of companies endowed with high levels of Environmental, Societal, and Governance (ESG) responsibility characteristics fared better during the financial crisis of 2008-2009. But it is not known why this happens,...
Primary Topic: Banks & financial markets
Secondary Topic: Prices & interest rates
Lead investigator: Markku Kaustia
Countries

The impact of Covid-19 on us stock market: Fama-French models

The paper evaluates the performance of Fama-French models on US stock during Covid-19. All data used in constructed models have origination from Fama-French official website from 1st January 2000 to 31st March 2020. (Fama and French 2020). The result...
Primary Topic: Business, big & small
Secondary Topic: Prices & interest rates
Lead investigator: Dominik Horvath
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

Ownership and business resilience during a pandemic

Exploring how financial markets fare during the Covid-19 crisis, scholars have begun to probe into organizational factors at the firm level in order to understand the different response by companies. Our key goal is to test whether the involvement of...
Primary Topic: Business, big & small
Lead investigator: Mario Daniele Amore
Countries

Multinationals and Covid-19

The number of world-wide multinational subsidiaries has been increasing in every half-year interval since mid-2016 2. But it has declined from 12/31/2019 to 04/13/2020. This is largely accounted for by low entry rates. 3. Similar pattern for US-paren...
Primary Topic: Nations, regions & cities
Secondary Topic: Trade & supply chains
Lead investigator: Ziho Park

Safe matching and labor reallocation

The recovery from the Covid-19 pandemic will involve a major reallocation of labour across jobs. A large number of jobs involving personal contacts with customers or colleagues are likely to be shut down for a long period of time unless they can be d...
Primary Topic: Business, big & small
Secondary Topic: Jobs, work, pay & benefits
Lead investigator: Gaetano Basso
Countries

Feverish stock price reactions to Covid-19

The market reactions to the 2019 novel Coronavirus disease (Covid-19) shed light on the importance of international trade and financial policies for firm value. Initially, investors priced negative consequences for internationally oriented US firms, ...
Primary Topic: Business, big & small
Secondary Topic: Prices & interest rates
Lead investigator: Stefano Ramelli
Countries

Mapping the impact of Covid-19 on the distribution of youth-led businesses in Kenya

The Covid-19 pandemic is expected to impact economic activity in Kenya in many ways. Currently, there is a national curfew from 7 pm to 5 am with only essential services permitted to be open and extremely limited mobility. These conditions are likely...
Primary Topic: Business, big & small
Lead investigator: Julian Jamison
Countries