The global effects of Covid-19-induced uncertainty

被引：112
|
作者：
Caggiano, Giovanni [1 ,2 ]
Castelnuovo, Efrem [2 ,3 ]
Kima, Richard [1 ]
机构：
[1] Monash Univ, Clayton, Vic, Australia
[2] Univ Padua, Padua, Italy
[3] Univ Melbourne, Melbourne, Vic, Australia
来源：
ECONOMICS LETTERS | 2020年 / 194卷
基金：
澳大利亚研究理事会;
关键词：
Covid-19; Financial uncertainty; Vector autoregressions; Global financial cycle; World industrial production; RISK-MANAGEMENT; MONETARY-POLICY; SHOCKS;
D O I：
10.1016/j.econlet.2020.109392
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
We estimate a VAR with world-level variables to simulate the effects of the Covid-19 outbreak-related uncertainty shock. We find a peak (cumulative over one year) negative response of world output of 1.6% (14%). (c) 2020 Elsevier B.V. All rights reserved.
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收藏
页数：5
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