The global effects of Covid-19-induced uncertainty

Giovanni Caggiano, Efrem Castelnuovo, Richard Kima

Research output: Contribution to journalArticleResearchpeer-review

2 Citations (Scopus)

Abstract

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%).

Original languageEnglish
Article number109392
Number of pages5
JournalEconomics Letters
Volume194
DOIs
Publication statusPublished - Sep 2020

Keywords

  • Covid-19
  • Financial uncertainty
  • Global financial cycle
  • Vector autoregressions
  • World industrial production

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