Recoveries After Pandemics : The Role of Policies and Structural Features /

To shed light on the possible scarring effects from Covid-19, this paper studies the economic effects of five past pandemics using local projections on a sample of fifty-five countries over 1990-2019. The findings reveal that pandemics have detrimental medium-term effects on output, unemployment, po...

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Автор: Cuesta Aguirre, Juan Pablo
Інші автори: Hannan, Swarnali
Формат: Журнал
Мова:English
Опубліковано: Washington, D.C. : International Monetary Fund, 2021.
Серія:IMF Working Papers; Working Paper ; No. 2021/181
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Онлайн доступ:Full text available on IMF
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245 1 0 |a Recoveries After Pandemics :   |b The Role of Policies and Structural Features /  |c Juan Pablo Cuesta Aguirre, Swarnali Hannan. 
264 1 |a Washington, D.C. :  |b International Monetary Fund,  |c 2021. 
300 |a 1 online resource (40 pages) 
490 1 |a IMF Working Papers 
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520 3 |a To shed light on the possible scarring effects from Covid-19, this paper studies the economic effects of five past pandemics using local projections on a sample of fifty-five countries over 1990-2019. The findings reveal that pandemics have detrimental medium-term effects on output, unemployment, poverty, and inequality. However, policies can go a long way toward alleviating suffering and fostering an inclusive recovery. The adverse output effects are limited for countries that provided relatively greater fiscal support. The increases in unemployment, poverty, and inequality are likewise lower for countries with relatively greater fiscal support and relatively stronger initial conditions (as defined by higher formality, family benefits, and health spending per capita). 
538 |a Mode of access: Internet 
650 7 |a Economic Development, Innovation, Technological Change, and Growth  |2 imf 
650 7 |a Health  |2 imf 
650 7 |a Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook  |2 imf 
650 7 |a Pandemics, Output, Unemployment, Poverty, Inequality and Fiscal Support  |2 imf 
650 7 |a Welfare, Well-Being, and Poverty  |2 imf 
700 1 |a Hannan, Swarnali. 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 2021/181 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/2021/181/001.2021.issue-181-en.xml  |z IMF e-Library