 | Initial Output Losses from the Covid-19 Pandemic: Robust Determinants Author/Editor: Davide Furceri, Michael Ganslmeier, Jonathan David Ostry, Naihan Yang. Release Date:January, 2021 While the COVID-19 pandemic is affecting all countries, output losses vary considerably across countries. We provide a first analysis of robust determinants of observed initial output losses using more...
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 | The Economic Effects of COVID-19 Containment Measures Author/Editor: Pragyan Deb, Davide Furceri, Jonathan David Ostry, Nour Tawk. Release Date:August, 2020 Containment measures are crucial to halt the spread of the 2019 COVID-19 pandemic but entail large short-term economic costs. This paper tries to quantify these effects using daily global data on more...
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 | The Effect of Containment Measures on the COVID-19 Pandemic Author/Editor: Pragyan Deb, Davide Furceri, Jonathan David Ostry, Nour Tawk. Release Date:August, 2020 Countries have implemented several containment measures to halt the spread of the 2019 coronavirus disease, but it remains unclear the extent to which these unprecedented measures have been more...
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 | The Political Costs of Reforms : Fear or Reality? Author/Editor: Davide Furceri, Jun Ge, Jonathan David Ostry, Chris Papageorgiou, Gabriele Ciminelli. Release Date:October, 2019 Many countries are experiencing persistent, weak medium-term growth and limited fiscal space. Against this background, economic policy agendas—in both advanced and developing economies—are more...
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 | Macroeconomic Consequences of Tariffs Author/Editor: Davide Furceri, Swarnali Ahmed Hannan, Jonathan David Ostry, Andrew K Rose. Release Date:January, 2019 We study the macroeconomic consequences of tariffs. We estimate impulse response functions from local projections using a panel of annual data that spans 151 countries over 1963-2014. We find that more...
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 | Economic Gains From Gender Inclusion:New Mechanisms, New Evidence Author/Editor: Jonathan David Ostry, Jorge A Alvarez, Raphael A Espinoza, Chris Papageorgiou. Release Date:October, 2018 While progress has been made in increasing female labor force participation (FLFP) in the last 20 years, large gaps remain. The latest Fund research shows that improving gender diversity can result more...
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 | The Aggregate and Distributional Effects of Financial Globalization: Evidence from Macro and Sectoral Data Author/Editor: Davide Furceri, Prakash Loungani, Jonathan David Ostry. Release Date:April, 2018 We take a fresh look at the aggregate and distributional effects of policies to liberalize international capital flows—financial globalization. Both country- and industry-level results suggest that more...
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 | Boosting Fiscal Space : The Roles of GDP-Linked Debt and Longer Maturities Author/Editor: Jonathan David Ostry, Jun I Kim. Release Date:March, 2018 Noting that the aftermath of the global financial crisis has left many advanced economies with very high sovereign debt ratios and some emerging markets with high debt, this report considers whether more...
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 | Growth-Equity Trade-offs in Structural Reforms Author/Editor: Jonathan David Ostry, Andrew Berg, Siddharth Kothari. Release Date:January, 2018 Do structural reforms that aim to boost potential output also change the distribution of income? We shed light on this question by looking at the broad patterns in the cross-country data covering more...
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 | Corporate Investment and the Real Exchange Rate Author/Editor: Mai Chi Dao, Camelia Minoiu, Jonathan David Ostry. Release Date:August, 2017 We examine the relationship between real exchange rate depreciations and indicators of firm performance using data for a sample of more than 30,000 firms from 66 (advanced and emerging market) more...
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