Francesco Grigoli,Evgenia Pugacheva
Francesco Grigoli
The COVID-19 pandemic altered consumption patterns significantly in a short period of time. However, official inflation statistics take time to reflect changes in the weights of the CPI consumption basket. Using credit card data for the UK ...
This time truly is different: The cyclical behaviour of fiscal policy during the Covid-19 crisis [0.03%]
这次确实有所不同：疫情危机期间财政政策的周期性行为分析
Philipp Heimberger
Philipp Heimberger
Fiscal policy was more countercyclical during the Covid-19 crisis than in previous (crisis) episodes. This paper presents empirical evidence in favour of a "this time truly is different" moment based on analysing the cyclical behaviour of f...
Impact of infectious disease pandemics on individual lifetime consumption: An endogenous time preference approach [0.03%]
传染病大流行对个人终身消费的影响：内生时间偏好的方法
Kei Hosoya
Kei Hosoya
This paper considers the impact of the coronavirus disease 2019 (COVID-19) pandemic on long-term individual lifetime consumption profiles. The framework for the analysis is a model that extends Strulik (2021) to include the government secto...
Edward F Buffie,Christopher Adam,Luis-Felipe Zanna et al.
Edward F Buffie et al.
We analyze the medium-term macroeconomic impact of the Covid-19 pandemic and associated lock-down measures on low-income countries. We focus on the impact of the degradation of health and human capital caused by the pandemic and its afterma...
Dispersed consumption versus compressed output: Assessing the sectoral effects of a pandemic [0.03%]
分散消费与集中产出：评估疫情的产业影响
Saman Darougheh
Saman Darougheh
I process credit-card consumption data through an input-output model of sectoral linkages to impute the sector-level output responses to the Covid-19 pandemic. The sector-level consumption responses are highly dispersed and even positive fo...
The shape of recovery: Implications of past experience for the duration of the COVID-19 recession [0.03%]
复苏的形态——过往经验对COVID-19经济衰退持续时长之影响
Barry Eichengreen,Donghyun Park,Kwanho Shin
Barry Eichengreen
In this paper we seek to make headway on the question of what recovery from Covid-19 recession may look like, focusing on the duration of the recovery - that is, how long it will take to re-attain the levels of output and employment reached...
The fiscal response to the Italian COVID-19 crisis: A counterfactual analysis [0.03%]
意大利COVID-19危机的财政反应：一种逆向分析方法
Giovanni Di Bartolomeo,Paolo D&#x;Imperio,Francesco Felici
Giovanni Di Bartolomeo
The COVID-19 pandemic is an unprecedented worldwide event with a massive impact on the economic system. The first Western country that had to face the COVID-19 crisis was Italy, which therefore represents a natural "case study." By using th...
Business exit during the COVID-19 pandemic: Non-traditional measures in historical context [0.03%]
新冠肺炎疫情下的企业退出：基于历史视角的非传统度量
Leland D Crane,Ryan A Decker,Aaron Flaaen et al.
Leland D Crane et al.
Lags in official data releases have forced economists and policymakers to leverage "alternative" or "non-traditional" data to measure business exit resulting from the COVID-19 pandemic. We first review official data on business exit in rece...
Amy Y Guisinger
Amy Y Guisinger
This paper examines the role of heterogeneity in a real business cycle model, which traditionally has not fully captured the relative volatility of hours to output. Men and women have different cyclical volatilities in hours worked, which i...
To lockdown? When to peak? Will there be an end? A macroeconomic analysis on COVID-19 epidemic in the United States [0.03%]
关于美国新冠疫情的宏观经济分析：封锁？何时达峰？终点何在？
Wung Lik Ng
Wung Lik Ng
In this paper, we construct an extended SIR model with agents optimally choosing outdoor activities. We calibrate the model and match it to the data from the United States. The model predicts the epidemic in the United States very well. Wit...