Questions and answers about coronavirus and the UK economy
Questions and answers about coronavirus and the UK economy

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.

Resilience of the UK seafood system to the Covid-19 disruption (RiseUp)

The UK seafood industry is under unprecedented pressure to deliver on national food security during Covid-19/SARS-CoV-2 pandemic, while trying to adapt to remain socio-economically viable. However, no data exists on the systemic impacts to the UK sea...
Primary Topic: Business, big & small
Secondary Topic: Recession & recovery
Lead investigator: Sofia C. Franco
Countries

Will Covid-19 change what the public expect of government?

Previous research on pandemics, infectious disease, and recession suggests that Covid-19 could have a significant impact on the public’s public policy preferences - and thus the environment in which policymakers will have to address the pandemic’...
Secondary Topic: Recession & recovery
Lead investigator: John Curtice
Countries

Supporting fiscal policy decisions in the crisis

We are going through an economic crisis. The government has responded with an unprecedented policy package, costing many tens of billions of pounds over just a few months – paying for employees to be furloughed, making payments to the self-employed...
Primary Topic: Families & households
Secondary Topic: Recession & recovery
Lead investigator: Paul Johnson
Countries

The economic effects of Covid-19 and credit constraints: evidence from Italian firms' expectations and plans

We investigate the economic effects of the Covid-19 pandemic and the role played by credit constraints in the transmission mechanism, using a novel survey of expectations and plans of Italian firms, taken just before and after the outbreak. Most firm...
Secondary Topic: Recession & recovery
Lead investigator: Pierluigi Balduzzi
Countries

Consumer expectations around Covid-19: evolution over time

Since Apr 24, 2020, we have been collecting direct information on consumers’ expectations about the duration of social distancing rules, including stay-at-home and social-distancing rules, and of business closures, in the United States and Canada. ...
Secondary Topic: Recession & recovery
Lead investigator: Fabian Lange
Countries

Covid-19 shocking global value chains

The Covid-19 epidemic hit China in December 2019. Even before it turned into a pandemic, Covid-19 has strongly affected the world economy through global value chains. We use a quantitative trade model with input-output linkages to gauge the effects o...
Primary Topic: Trade & supply chains
Secondary Topic: Recession & recovery
Lead investigator: Peter Eppinger
Countries

Understanding the impact of Covid-19 on economic outcomes and well-being of rural communities in western Uganda

We use high-frequency phone surveys to dynamically track the impact of covid19 over a 3-month period. We already have baseline data on a sample of 1,250 households randomly selected from rural villages in Western Uganda. These baseline surveys were c...
Primary Topic: Inequality & poverty
Secondary Topic: Recession & recovery
Lead investigator: Mahreen Mahmud
Countries

Political institutions and policy responses during a crisis

Do countries with differing political institutions respond differently to a national crisis? The coronavirus pandemic, where almost all countries were hit by the same crisis in a short span of time, provides a rare opportunity to answer this question...
Secondary Topic: Recession & recovery
Lead investigator: Gaurav Chiplunkar

Information search and financial market performance under pandemic: evidence from Covid-19

The discovery, and subsequent spread, of the novel coronavirus (Covid-19) exposed both individuals and investors to a grave uncertainty about the potential health and economic ramifications of the virus, particularly in the early days and weeks of th...
Secondary Topic: Recession & recovery
Lead investigator: Behzod B. Ahundjanov
Countries

The impact of cash in a crisis: evidence from Dandora, Kenya during and after Covid-19

This study will deliver cash grants to microenterprise owners run by women in Dandora, Kenya during the Covid-19 outbreak. We will use a randomized controlled trial to study the impact of cash on economic outcomes both during and after the crisis. Al...
Secondary Topic: Recession & recovery
Lead investigator: Wyatt Brooks
Countries

U.S. state Covid-19 stay at home orders: were they driven by scientific, economic, or ideological factors?

What factors affected whether or not a U.S. state governor issued a statewide stay-at-home order in response to the Covid-19 pandemic of early 2020? Once issued, what factors affected the length of this stay-at-home order? Using duration analysis, we...
Secondary Topic: Recession & recovery
Lead investigator: Lea-Rachel Kosnik
Countries

The impact of Covid-19 on the lives of women in the garment industry: evidence from Ethiopia

In this project, we conduct high-frequency phone surveys on a panel of women who work in garment factories in Ethiopia’s largest industrial park in the city of Hawassa to document how their lives are changing during the Covid-19 crisis. Sampling fr...
Primary Topic: Inequality & poverty
Secondary Topic: Recession & recovery
Lead investigator: Morgan Hardy
Countries

Income and wealth shocks and expectations during the Covid-19 pandemic

In early April 2020 we conducted a survey on a representative sample of more than 8,000 US households to study the effect of the coronavirus crisis on household income and retirement wealth, households' expectations about the recovery, and the i...
Primary Topic: Inequality & poverty
Secondary Topic: Recession & recovery
Lead investigator: Tobin Hanspal
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

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

International trade during a pandemic: boon or bane? a structural gravity approach

We empirically estimate the effects of the Corona pandemic on international trade. One hypothesis is that economies with a high degree of trade diversification are less harmed by pandemic-induced disruptions of trade flows. This analysis will give re...
Primary Topic: Trade & supply chains
Secondary Topic: Recession & recovery
Lead investigator: Daniel Osberghaus
Countries

Covid-19 and financial markets: a panel analysis for European countries

In order to fight the economic consequences of the Covid-19 pandemic, monetary and fiscal policy announced a large variety of support packages which are often unprecedented in size. In this paper, we provide an empirical analysis of the responses of ...
Secondary Topic: Recession & recovery
Lead investigator: Jens Klose

Covid-19-induced economic sentiments spreads: evidence from the European union

According to the European Commission, In April 2020, the Economic Sentiment Indicator (ESI) crashed in both the euro area (−27.2 points down to 67.0) and the European Union (EU)(−28.8 down to 65.8 points). This was the strongest monthly decline i...
Secondary Topic: Recession & recovery
Lead investigator: Marta Gómez-Puig

Do stock markets play a role in determining the Covid-19 economic stimulus? A cross-country analysis

This paper makes an innovative contribution to the literature by analyzing the determinants of the Covid-19 economic stimulus. In particular, we explore whether the stock market fall observed due to the coronavirus pandemic in many countries around t...
Secondary Topic: Recession & recovery
Lead investigator: Sajid M. Chaudhry

Food purchase behavior during Covid-19 pandemic

Covid-19 pandemic is increasingly a historical challenge that the world is called upon to face without prior preparation. In addition to an inevitable economic crisis due to the shutdown of many economic activities, the pandemic is causing important ...
Secondary Topic: Recession & recovery
Lead investigator: Rodolfo M. Nayga
Countries