Coronavirus Fears and Macroeconomic Expectations

Abstract

The Federal Reserve cut interest rates on March 3, 2020, in response to COVID-19. On March 5 and 6, I surveyed over 500 consumers about their concerns about COVID-19, awareness of the Fed's announcement, and macroeconomic expectations. Most consumers were concerned about effects of COVID-19 on the economy, their health, and their personal finances. About 38% were aware that the Fed had cut interest rates. Greater concern is associated with higher inflation expectations and more pessimistic unemployment expectations. I informed respondents about the Fed's announcement, which led some consumers to become more optimistic about unemployment and revise inflation expectations downward.

Interpretation of SARS-CoV-2 behaviour on different substrates and denaturation of virions using ethanol: an atomic force microscopy study

“…3 By November 9, 2020, the number of registered COVID-19 cases reached 50 million giving rise to a global public health emergency. 4 In addition to the devastating loss of human life and permanent damage to health and wellbeing of millions who have survived the disease, the disruption caused by the COVID-19 pandemic has had destructive impacts on global macroeconomics, 5 global tourism, 6 global mobility, 7,8 economies, 9 the stock market, 10 global poverty, 11 and global development, 12 and psychological impacts, [13][14][15] lockdown effects, 16,17 home connement effects, 18 environmental effects 19 and many other effects on human wellbeing and daily living. While virologists and other health professional desperately seek to develop a vaccine for the virus, understanding the three dimensional structure of the virus has become a crucial factor in understanding how the different components of the virus interact with cells and other materials and environmental conditions.…”

Dating COVID-Induced Recession in the U.S

“…We conclude by noting three other studies of the COVID-19 crisis pointing to a steep decline beginning in March (Baker et al 2020b;Binder 2020;Cajner et al 2020). Given the evidence from key indicators and other studies, it seems clear that there was a rapid deterioration in the health of the U.S. economy in mid-March 2020, which gives us added confidence in our method dating the start of a pandemic-induced recession as occurring in that same month.…”

COVID-19 Crises: Global Economic Shocks vs Pakistan Economic Shocks

“…The researchers elaborate that despite a low level of health damage, mortality rate and the small number of deaths the world suffered a lot in terms of economic loss. The global cost witnessed that it is not only specific to the countries affected adversely [15]. Conversely, the impact of COVID-19 is far more than the formerly experienced contagions because this is not the story of a few countries, rather the disaster of the whole world consisting around 200 countries.…”

“…The unexpected and sudden blow-out of coronavirus has put the entire world into the shock. According to [15] "The fear of 1918-19 Spanish influenza, the deadliest plague in history, with its extreme severity and gravity of clinical symptoms, is still present in the research and general community". Likewise, at the start of breakout people think that COVID-19 has the same level of fear as the other former contagious diseases.…”