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Using Macroeconomic Frameworks to Analyze the Impact of COVID-19

2021-04 Business & Economics
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Release : 2021-04
Genre : Business & Economics
Kind : eBook
Book Rating : 974/5 ( reviews)

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Book Synopsis Using Macroeconomic Frameworks to Analyze the Impact of COVID-19 by : Mr. Ales Bulir

Download or read book Using Macroeconomic Frameworks to Analyze the Impact of COVID-19 written by Mr. Ales Bulir. This book was released on 2021-04. Available in PDF, EPUB and Kindle. Book excerpt: This technical note and manual (TNM) addresses the following issues: • Evaluating the full implications from the policies adopted to mitigate the impact of the COVID-19 pandemic on the economy requires a well-developed macroeconomic framework. This note illustrates how such frameworks were used to analyze Colombia and Cambodia's shock impact at the beginning of the pandemic. • The use of macroeconomic frameworks is not to infer general policy conclusions from abstract models or empirical analysis but to help policymakers think through and articulate coherent forecasts, scenarios, and policy responses. • The two country cases illustrate how to construct a baseline scenario consistent with a COVID-19 shock within structural macroeconomic models. The scenario is built gradually to incorporate the available information, the pandemic's full effects, and the policy responses. • The results demonstrate the value of combining close attention to the data, near-term forecasting, and model-based analyses to support coherent policies.

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.

COVID-19 Impact and Mitigation Policies: A Didactic Epidemiological-Macroeconomic Model Approach

2020-11-08 Social Science
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Release : 2020-11-08
Genre : Social Science
Kind : eBook
Book Rating : 427/5 ( reviews)

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Book Synopsis COVID-19 Impact and Mitigation Policies: A Didactic Epidemiological-Macroeconomic Model Approach by : John P. Ansah

Download or read book COVID-19 Impact and Mitigation Policies: A Didactic Epidemiological-Macroeconomic Model Approach written by John P. Ansah. This book was released on 2020-11-08. Available in PDF, EPUB and Kindle. Book excerpt: We develop an integrated epidemiological-macroeconomic model to analyze the interplay between the COVID-19 outbreak and economic activity, as a tool for capacity building purposes. We illustrate a workhorse framework that combines a rich epidemiological model with an economic block to shed light on the tradeoffs between saving lives and preserving economic outcomes under various mitigation policies and scenarios calibrated for emerging market and developing economies. In our benchmark setup, we link the effective contact frequency and labor supply decisions to the current state of the disease progression, allowing for relevant behavioral responses that introduce multiple feedback channels. We showcase the effects of various “smart” mitigation measures, e.g. improved quarantine capacity or targeted labor market restrictions, to alleviate the tradeoffs between health-related outcomes and economic activity, including in response to a second infection wave. The discovery of treatment or vaccine, and the possibility of temporary immunity for the recovered individuals are also considered. The model is further extended to a multisector framework to analyze the sectoral allocation effects of the COVID-19 shock.

Macroeconomic Responses to the COVID-19 Pandemic

2021-07-17 Political Science
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Release : 2021-07-17
Genre : Political Science
Kind : eBook
Book Rating : 448/5 ( reviews)

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Book Synopsis Macroeconomic Responses to the COVID-19 Pandemic by : Neven Vidaković

Download or read book Macroeconomic Responses to the COVID-19 Pandemic written by Neven Vidaković. This book was released on 2021-07-17. Available in PDF, EPUB and Kindle. Book excerpt: This book examines economic policies utilized within Southeast Europe in response to the COVID-19 pandemic. Covering countries both within and outside the European Union, the human and economic cost of the pandemic is calculated using macroeconomic models from a short and longer term perspective. The economic policies used during the pandemic are analyzed, alongside crisis management approaches, to highlight the effectiveness of monetary policy, fiscal policies and potential future economic solutions for the post COVID-19 period. This book aims to provide policy recommendations based on findings from Southeast Europe. It is relevant to researchers and policymakers involved in economic policy and the political economy, as well as anyone interested in the responses to the COVID-19 pandemic.

The Economics of COVID-19

2022-06-01 Business & Economics
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Release : 2022-06-01
Genre : Business & Economics
Kind : eBook
Book Rating : 958/5 ( reviews)

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Book Synopsis The Economics of COVID-19 by : Badi H. Baltagi

Download or read book The Economics of COVID-19 written by Badi H. Baltagi. This book was released on 2022-06-01. Available in PDF, EPUB and Kindle. Book excerpt: The Economics of COVID-19 contains selected contributions analysing the effects of the global pandemic on macroeconomics, computable general equilibrium models and financial markets, as well as health studies proposing to improve the traditional epidemic models.

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