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Tracking the Economic Impact of COVID-19 and Mitigation Policies in Europe and the United States

2020-07-10
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Release : 2020-07-10
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Kind : eBook
Book Rating : 644/5 ( reviews)

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Book Synopsis Tracking the Economic Impact of COVID-19 and Mitigation Policies in Europe and the United States by : Sophia Chen

Download or read book Tracking the Economic Impact of COVID-19 and Mitigation Policies in Europe and the United States written by Sophia Chen. This book was released on 2020-07-10. Available in PDF, EPUB and Kindle. Book excerpt: We use high-frequency indicators to analyze the economic impact of COVID-19 in Europe and the United States during the early phase of the pandemic. We document that European countries and U.S. states that experienced larger outbreaks also suffered larger economic losses. We also find that the heterogeneous impact of COVID-19 is mostly captured by observed changes in people's mobility, while, so far, there is no robust evidence supporting additional impact from the adoption of non-pharmaceutical interventions. The deterioration of economic conditions preceded the introduction of these policies and a gradual recovery also started before formal reopening, highlighting the importance of voluntary social distancing, communication, and trust-building measures.

Economic Policy and the Covid-19 Crisis

2021-09-28 Business & Economics
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Release : 2021-09-28
Genre : Business & Economics
Kind : eBook
Book Rating : 718/5 ( reviews)

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Book Synopsis Economic Policy and the Covid-19 Crisis by : Bernadette Andreosso-O'Callaghan

Download or read book Economic Policy and the Covid-19 Crisis written by Bernadette Andreosso-O'Callaghan. This book was released on 2021-09-28. Available in PDF, EPUB and Kindle. Book excerpt: This book offers an assessment of the different monetary and fiscal policy responses that have been implemented by national governments in major European and Asian countries faced with the Covid-19 crisis since 2020; it also deals with the case of the US experience as a benchmarking example. The book provides a comprehensive cross-country comparative study on health crisis management at the macroeconomic level. Its focus on monetary and fiscal policies across different countries in Asia, Europe and the USA makes it unique. Divided into three parts following a general introduction that sets the context of the study, the book deals with the case of the USA, EU and European countries as well as with that of key Asian countries. Of specific relevance is the European Union and euro-area contexts that serve as a framework to the different EU national monetary and fiscal policy responses. Each chapter deals with a specific country, including Italy and the UK in Europe and Singapore and South Korea in Asia, and covers the following topics: the extent of the outbreak of the public health crisis and its macroeconomic impact; the comparative examination of fiscal and monetary policy responses to both crises; and an overall assessment of the effectiveness of these policies along with the public health policy to mitigate the economic impact. Given the unprecedented nature of the Covid-19 crisis, anyone eager to know more about its macroeconomic impact and ensuing policies in a comparative framework will be keen to read this book. It will be essential reading to any researcher, policy maker and/or analyst working in the area of public policy and is also a unique contribution to the field of European studies, Asian studies and Comparative Economic Studies.

Public Policy and the Impact of COVID-19 in Europe

2022-05-08 Business & Economics
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Release : 2022-05-08
Genre : Business & Economics
Kind : eBook
Book Rating : 966/5 ( reviews)

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Book Synopsis Public Policy and the Impact of COVID-19 in Europe by : Magdalena Tomala

Download or read book Public Policy and the Impact of COVID-19 in Europe written by Magdalena Tomala. This book was released on 2022-05-08. Available in PDF, EPUB and Kindle. Book excerpt: This book analyses Europe’s COVID-19 response provided by governments and societies, to assess its influence on the economy from both a short- and long-term perspective. The authors argue that there are three key factors that determine how successful a given country is. The first is the determination and effectiveness of the government. The second is the capacity of states and their healthcare systems in times of crisis. The third is society’s willingness to adhere to emergency measures and to cooperate with authorities. The book examines the government policy of EU states during the pandemic; studies the behaviour of EU societies; reveals the influence of the pandemic crisis on the economy of EU states and formulates a successful strategy to counteract the challenges wrought by the pandemic. The book will appeal to scholars and researchers engaged in the fields of economic and political science, global studies and international relations. Furthermore, it will also be addressed to policy makers of European States as it contains a complex analysis of their policy responses and the corresponding impact on European economy and society.

The Economic Effects of COVID-19 Containment Measures

2020-08-07
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Release : 2020-08-07
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Book Rating : 251/5 ( reviews)

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Book Synopsis The Economic Effects of COVID-19 Containment Measures by : Pragyan Deb

Download or read book The Economic Effects of COVID-19 Containment Measures written by Pragyan Deb. This book was released on 2020-08-07. Available in PDF, EPUB and Kindle. Book excerpt: Containment measures are crucial to halt the spread of the 2019 COVID-19 pandemic but entail large short-term economic costs. This paper tries to quantify these effects using daily global data on real-time containment measures and indicators of economic activity such as Nitrogen Dioxide (NO2) emissions, flights, energy consumption, maritime trade, and mobility indices. Results suggest that containment measures have had, on average, a very large impact on economic activity--equivalent to a loss of about 15 percent in industrial production over a 30-day period following their implementation. Using novel data on fiscal and monetary policy measures used in response to the crisis, we find that these policy measures were effective in mitigating some of these economic costs. We also find that while workplace closures and stay-at-home orders are more effective in curbing infections, they are associated with the largest economic costs. Finally, while easing of containment measures has led to a pickup in economic activity, the effect has been lower (in absolute value) than that from the tightening of measures.

Brookings Papers on Economic Activity: Fall 2020

2021-06-22 Business & Economics
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Release : 2021-06-22
Genre : Business & Economics
Kind : eBook
Book Rating : 397/5 ( reviews)

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Book Synopsis Brookings Papers on Economic Activity: Fall 2020 by : Janice Eberly

Download or read book Brookings Papers on Economic Activity: Fall 2020 written by Janice Eberly. This book was released on 2021-06-22. Available in PDF, EPUB and Kindle. Book excerpt: Brookings Papers on Economic Activity (BPEA) provides academic and business economists, government officials, and members of the financial and business communities with timely research on current economic issues.

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