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The Sooner (and the Smarter), the Better: COVID-19 Containment Measures and Fiscal Responses

2021-03-05 Business & Economics
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Release : 2021-03-05
Genre : Business & Economics
Kind : eBook
Book Rating : 63X/5 ( reviews)

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Book Synopsis The Sooner (and the Smarter), the Better: COVID-19 Containment Measures and Fiscal Responses by : Amr Hosny

Download or read book The Sooner (and the Smarter), the Better: COVID-19 Containment Measures and Fiscal Responses written by Amr Hosny. This book was released on 2021-03-05. Available in PDF, EPUB and Kindle. Book excerpt: This paper finds empirical evidence that faster and smarter containment measures were associated with lower fiscal responses to the COVID-19 shock. We also find that initial conditions, such as fiscal space, income, health preparedness and budget transparency were important in shaping the amount and design of the COVID-19 fiscal response.

The Effect of Containment Measures on the COVID-19 Pandemic

2020-08-07
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Release : 2020-08-07
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Kind : eBook
Book Rating : 268/5 ( reviews)

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Book Synopsis The Effect of Containment Measures on the COVID-19 Pandemic by : Pragyan Deb

Download or read book The Effect of Containment Measures on the COVID-19 Pandemic written by Pragyan Deb. This book was released on 2020-08-07. Available in PDF, EPUB and Kindle. Book excerpt: Countries have implemented several containment measures to halt the spread of the 2019coronavirus disease, but it remains unclear the extent to which these unprecedented measureshave been successful. We examine this question using daily data on the number ofcoronavirus disease cases as well as on real-time containment measures implemented bycountries. Results suggest that these measures have been very effective in flattening the"pandemic curve", but there is significant heterogeneity across countries. Effectiveness isenhanced when measures are implemented quickly, where de facto mobility is curtailed, incountries with lower temperatures and population density, as well as in countries with alarger share of the elderly in total population and stronger health systems. We also find thateasing of containment measures has resulted in an increase in the number of cases, but theeffect has been lower (in absolute value) than that from a tightening of measures.

Economic Activity, Fiscal Space and Types of COVID-19 Containment Measures

2022-01-28 Business & Economics
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Release : 2022-01-28
Genre : Business & Economics
Kind : eBook
Book Rating : 215/5 ( reviews)

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Book Synopsis Economic Activity, Fiscal Space and Types of COVID-19 Containment Measures by : Amr Hosny

Download or read book Economic Activity, Fiscal Space and Types of COVID-19 Containment Measures written by Amr Hosny. This book was released on 2022-01-28. Available in PDF, EPUB and Kindle. Book excerpt: This paper argues that the type of COVID-19 containment measures affects the trade-offs between infection cases, economic activity and sovereign risk. Using local projection methods and a year and a half of high-frequency daily data covering 44 advanced and emerging economies, we find that smart (e.g. testing) as opposed to physical (e.g. lockdown) measures appear to be best placed to tackle these trade-offs. Initial conditions also matter whereby containment measures can be less disruptive when public health response time is fast and public debt is low. We also construct a database of daily fiscal announcements for Euro area countries, and find that sovereign risk is improved under a combination of large support packages and smart measures.

Assessing Targeted Containment Policies to Fight COVID-19

2020-12-11 Business & Economics
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Release : 2020-12-11
Genre : Business & Economics
Kind : eBook
Book Rating : 915/5 ( reviews)

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Book Synopsis Assessing Targeted Containment Policies to Fight COVID-19 by : Ariadne Checo

Download or read book Assessing Targeted Containment Policies to Fight COVID-19 written by Ariadne Checo. This book was released on 2020-12-11. Available in PDF, EPUB and Kindle. Book excerpt: The large economic costs of full-blown lockdowns in response to COVID-19 outbreaks, coupled with heterogeneous mortality rates across age groups, led to question non-discriminatory containment measures. In this paper we provide an assessment of the targeted approach to containment. We propose a SIR-macro model that allows for heterogeneous agents in terms of mortality rates and contact rates, and in which the government optimally bans people from working. We ?nd that under a targeted policy, the optimal containment reaches a larger portion of the population than under a blanket policy and is held in place for longer. Compared to a blanket policy, a targeted approach results in a smaller death count. Yet, it is not a panacea: the recession is larger under such approach as the containment policy applies to a larger fraction of people, remains in place for longer, and herd immunity is achieved later. Moreover, we ?nd that increased interactions between low- and high-risk individuals e?ectively reduce the bene?ts of a targeted approach to containment.

COVID-19-related Fiscal Response

2021 Budget
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Release : 2021
Genre : Budget
Kind : eBook
Book Rating : /5 ( reviews)

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Book Synopsis COVID-19-related Fiscal Response by : Grant A. Driessen

Download or read book COVID-19-related Fiscal Response written by Grant A. Driessen. This book was released on 2021. Available in PDF, EPUB and Kindle. Book excerpt:

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