Macroeconomics of the Great Influenza Pandemic, 1918–1920

Barro, Robert J.; Ursúa, José F.; Weng, Joanna

doi:10.1016/j.rie.2022.01.001

Cited by 15 publications

(9 citation statements)

References 10 publications

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“…Only about three years have passed, at the time of this writing, since the coronavirus emerged on the global scene, yet there already exists a broad literature on the impact of the virus on the economy. While there is research on the impact of previous pandemics on the United States and global economies (Barro 2020; Barro, Ursua, and Weng 2022 ; Beach, Clay, and Saavedra 2022 ; Cooper 2006 ; Dixon et al 2010 ; James and Sargent 2006 ; Ma et al 2020 ; McKibbin and Sidorenko 2006 ), it is unclear to what extent the findings of this research carry over to the current situation. 1 Below, we review the attempts to measure the impact of the COVID-19 crisis on the economy.…”

Section: Literature Reviewmentioning

confidence: 92%

The impact of the COVID-19 pandemic on global GDP growth

Gagnon

Kamin

Kearns

2023

Journal of the Japanese and International Economies

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Section: Literature Reviewmentioning

confidence: 92%

The impact of the COVID-19 pandemic on global GDP growth

Gagnon

Kamin

Kearns

2023

Journal of the Japanese and International Economies

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“…Depending on these contractions, a decrease may be experienced in the gross national product (GNP) of the countries (Brainerd and Siegeler, 2003). Barro et al (2020) emphasize that there has been a serious decrease in the GNP figures of the countries during the COVID-19 process. To prevent this negative trend in the post-pandemic period, implementation of appropriate long-term macroeconomic policies may be beneficial.…”

Section: Practical Implicationsmentioning

confidence: 94%

Fiscal and monetary policies supporting the tourism industry during COVID-19

Şengel

Işkin

Çevrimkaya

et al. 2022

JHTI

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PurposeSince the first moment of the pandemic, national and international travel restrictions are in place to reduce human mobility. This actual situation makes the tourism industry one of the areas most affected by the pandemic. Many microeconomic factors (households and firms) were adversely affected by the pandemic, and this situation brought about macroeconomic contraction. Naturally, governments seek to sustain production and employment by offering financial packages to reduce the negative economic effects of the pandemic. Given such information, the study aims to examine the financial policies implemented by countries to support the tourism industry during the pandemic period.Design/methodology/approachContent analysis, which is a technique of qualitative research method, was applied in the analysis process of the data. Assessments were made based on data published by the United Nations World Tourism Organization (UNWTO) on the financial and monetary policies implemented by countries to support the tourism industry. The data were analyzed using the MAXQDA qualitative analysis program.FindingsAccording to the results of the study, countries support the tourism industry financially in terms of credit and liquidity. Also, tourism investments are encouraged by tax breaks and low interest rates.Originality/valueIt is aimed to determine what issues the financial and monetary policies published by the UNWTO focus on to solve the problems in the tourism sector. In this way, it is thought that the study will reveal the problems experienced by tourism enterprises during the pandemic period with a holistic perspective.

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“…The recent pandemic also had a negative effect on volatility in the market. Research papers around the world show an increase in volatility coinciding with the outbreak of the pandemic (Ali et al 2020;Barro et al 2022;Chowdhury et al 2021;David et al 2020;Mishra and Mishra 2021;Sheraz and Nasir 2021;Uddin et al 2021). Gao et al (2021) find that the impact of COVID-19 on the stock market showed a significant leverage effect in both the US and China, imposing a stronger effect on the stock market volatility when it was already high.…”

Section: Literature Reviewmentioning

confidence: 98%

Market Quality and Short-Selling Ban during the COVID-19 Pandemic: A High-Frequency Data Approach

Ferreruela

Martín

2022

JRFM

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The recent emergence of COVID-19 and the subsequent short-selling restriction (SSR) imposed on some equity markets provide us with a unique framework to analyze the effects of this kind of measure on market quality in the context of increasingly automated equity markets. We contribute to the literature by analyzing the microstructure and quality parameters of the Spanish equity market during COVID-19 and SSR. We study four subperiods, namely pre-crisis, turmoil, SSR, and first de-escalation periods, by means of a tick-by-tick dataset and the complete limit order book (LOB). We observe the following impact of the SSR on the constituents of IBEX 35: (1) the SSR did comply partially with its aim at an intraday level regarding volatility, but liquidity was reduced; (2) liquidity deterioration affected more the sell than the buy side of the LOB; (3) high-frequency activity (HFT) diminished during SSR, reinforcing volatility; (4) negative effects on liquidity and HFT diminished and disappeared as the ban was lifted; (5) HFT unidirectionally Granger causes 1 min realized volatility while the natural logarithm of the slope of the LOB bidirectionally Granger causes 1 min realized volatility.

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Macroeconomics of the Great Influenza Pandemic, 1918–1920

Cited by 15 publications

References 10 publications

The impact of the COVID-19 pandemic on global GDP growth

The impact of the COVID-19 pandemic on global GDP growth

Fiscal and monetary policies supporting the tourism industry during COVID-19

Market Quality and Short-Selling Ban during the COVID-19 Pandemic: A High-Frequency Data Approach

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