 | Are Climate Change Policies Politically Costly? Author/Editor: Davide Furceri, Michael Ganslmeier, Jonathan David Ostry. Release Date:June, 2021 Are policies designed to avert climate change (Climate Change Policies, or CCPs) politically costly? Using data on governmental popular support and the OECD's Environmental Stringency Index, we find more...
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 | Will COVID-19 Have Long-Lasting Effects on Inequality? Evidence from Past Pandemics Author/Editor: Davide Furceri, Prakash Loungani, Jonathan David Ostry, Pietro Pizzuto. Release Date:May, 2021 This paper provides evidence on the impact of major epidemics from the past two decades on income distribution. The pandemics in our sample, even though much smaller in scale than COVID-19, have led more...
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 | Austerity and Elections Author/Editor: Alberto Alesina, Gabriele Ciminelli, Davide Furceri, Giorgio Saponaro. Release Date:April, 2021 Conventional wisdom holds that voters punish governments that implement fiscal austerity. Yet, most empirical studies, which rely on ex-post yearly austerity measures, do not find supportive more...
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 | Will the Economic Impact of COVID-19 Persist? Prognosis from 21st Century Pandemics Author/Editor: Johannes Emmerling, Davide Furceri, Francisco Líbano Monteiro, Prakash Loungani, Jonathan David Ostry, Pietro Pizzuto, Massimo Tavoni. Release Date:April, 2021
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 | The Rise in Inequality after Pandemics: Can Fiscal Support Play a Mitigating Role? Author/Editor: Davide Furceri, Prakash Loungani, Jonathan David Ostry, Pietro Pizzuto. Release Date:April, 2021
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 | Labor and Product Market Reforms and External Imbalances: Evidence from Advanced Economies Author/Editor: Romain A Duval, Davide Furceri, João Tovar Jalles. Release Date:February, 2021 We explore the impact of major labor and product market reforms on current account dynamics using a new “narrativeâ€� database of major changes in employment protection for regular workers and more...
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 | 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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 | International Bank Lending Channel of Monetary Policy Author/Editor: Silvia Albrizio, Sangyup Choi, Davide Furceri, Chansik Yoon. Release Date:November, 2019 How does domestic monetary policy in systemic countries spillover to the rest of the world? This paper examines the transmission channel of domestic monetary policy in the cross-border context. We more...
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