The global effects of Covid-19-induced uncertainty

Giovanni Caggiano; Efrem Castelnuovo; Richard Kima

doi:10.1016/j.econlet.2020.109392

The global effects of Covid-19-induced uncertainty

Giovanni Caggiano, Efrem Castelnuovo, Richard Kima

Department of Economics

Research output: Contribution to journal › Article › Research › peer-review

120 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 language	English
Article number	109392
Number of pages	5
Journal	Economics Letters
Volume	194
DOIs	https://doi.org/10.1016/j.econlet.2020.109392
Publication status	Published - Sept 2020

Keywords

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

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10.1016/j.econlet.2020.109392

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title = "The global effects of Covid-19-induced uncertainty",

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%).",

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The global effects of Covid-19-induced uncertainty

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Keywords

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