International Macroeconomics: From the Great Financial Crisis to COVID-19, and Beyond

Gourinchas, Pierre Olivier

doi:10.1057/s41308-022-00171-x

Cited by 18 publications

(16 citation statements)

References 82 publications

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“…This is because the effects on employment due to social distancing measures and lockdowns are expected to be much larger. According to Gourinchas (2020), during a short period, as much as 50% of the working population might not be able to find work. Moreover, even if no containment measures are implemented, a recession would occur anyway, fueled by the precautionary and/or risk-averse behavior of households and firms faced with the uncertainty of dealing with a pandemic as well as with an inadequate public health response (Gourinchas, 2020).…”

Section: Plausible Mechanisms For Macroeconomic Impactmentioning

confidence: 99%

A literature review of the economics of COVID‐19

Brodeur

Gray

Islam

et al. 2021

Journal of Economic Surveys

587

245

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The goal of this piece is to survey the developing and rapidly growing literature on the economic consequences of COVID‐19 and the governmental responses, and to synthetize the insights emerging from a very large number of studies. This survey: (i) provides an overview of the data sets and the techniques employed to measure social distancing and COVID‐19 cases and deaths; (ii) reviews the literature on the determinants of compliance with and the effectiveness of social distancing; (iii) mentions the macroeconomic and financial impacts including the modelling of plausible mechanisms; (iv) summarizes the literature on the socioeconomic consequences of COVID‐19, focusing on those aspects related to labor, health, gender, discrimination, and the environment; and (v) summarizes the literature on public policy responses.

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Section: Plausible Mechanisms For Macroeconomic Impactmentioning

confidence: 99%

A literature review of the economics of COVID‐19

Brodeur

Gray

Islam

et al. 2021

Journal of Economic Surveys

587

245

View full text Add to dashboard Cite

show abstract

“…Solutions consisting of containment and mitigation efforts were aimed at saving lives, thus avoiding human capital losses and flattening the pandemic curve. However, all these measures reduced economic activity [27,28], transforming the health crisis into an economic crisis, too. Thus, this pandemic became both a widespread global pandemic and an economic disaster [29].…”

Section: Literature Reviewmentioning

confidence: 99%

Public Opinion on European Health Policy, Lessons from the COVID-19 Pandemic

Vasilescu

Apostu

Militaru

et al. 2022

IJERPH

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Often, global crises, such as the COVID-19 pandemic, bring to light crucial weaknesses in political, economic, social and health systems. First, there are governments who formulate and implement policies and, second, there are the citizens who support them, thus contributing a great deal to their success. Our paper investigates the European citizens’ opinion on health policy, focusing on their preference for European health policy during the coronavirus pandemic. The paper uses bibliometric analysis, descriptive statistics, and logistic regression to discuss the public opinion on health policy, the factors of influence, the change in perspectives between 2020 and 2021, and the socio-demographic profile of those favorable for the development of a European health policy in response to the coronavirus pandemic. Our findings show that citizens from southern and central European countries are more likely to prioritize the development of a European health policy, as compared to Nordic countries. Between 2020 and 2021, pro-European health policy citizens profile changes and becomes clearer, from pensioners to young working age males with medium education. In general, people prioritizing a European health policy value health as the most important issue at a national level are generally satisfied with the European Union and do not trust their national government.

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“…Facing these socio-economic imbalances, endogenous technological changes must be made to thwart the traps of stagnation but especially to increase the resilience of economies. Gourinchas (2020) argues that in the face of significant output losses, macroeconomic reforms must be undertaken to "flatten the recession curve".…”

Section: Literature Reviewmentioning

confidence: 99%