Questions tagged [covid-19-crisis]

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How Did The Coronavirus Market Crash Cause Excessive Price Rises Of Luxury Goods?

The COVID-19 pandemic had caused the unemployment rate to rise quite significantly in many countries. Furthering this, most countries are facing economic crises, most notably, the United States with ...
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Role of Deficit rise towards GDP growth rate

This year, the general deficit of India (deficit of Union and all State governments) is expected to be 9.9% while pre-covid it was ~6.5% (3.4% union +3% limit on states borrowing). I want to ask if ...
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Did Biden's stimulus packages cause inflation in the US?

Can we state with high confidence that Biden's stimulus packages were indeed a major factor in the spiraling (or, at least, pretty high) inflation in the US? Did Biden go over the top with it after ...
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2 answers
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Are retirement funds part of the capital market?

I was reading an article, which mentioned the withdrawal of high sums (billions) from retirement funds to ease the crisis caused by the covid-19. It also said that the capital market will become ...
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Is the EU COVID stimulus plan recorded in BOP accounts?

I was wondering if the EU COVID stimulus plan will be recorded (or has already been recorded) in the BOP of the recipient countries. My intuition is that loans would be recorded in the capital account(...
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Can economic models predict China overtaking the United States?

I recently read an article about China's economic progress: Chinese economy to overtake US 'by 2028' due to Covid Can models and simulations based on economic data predict when China's economy will ...
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1 answer
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Why West Virginia is one of the least-vaccinated states in the country due to cash giveaway announcement?

In a newspaper, I saw the paragraph In some U.S. states that held lotteries for vaccine recipients, with some prizes reaching the million-dollar mark, leaders reported upticks in interest, but it’s ...
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2 votes
1 answer
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Asking for paper or data source mentioning the social restriction due to COVID-19 globally

Regarding COVID-19 response, we have the stringency index. But I am wondering is there any source that documented the first law implementation date or month regarding society restriction (social ...
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How has the Chinese freight industry developed during last year?

The last year has been filled with so many unfamiliar circumstances such as Covid-19, and now with the rising tensions as well, I'm wondering how the Chinese freight industry is developing during ...
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11 votes
2 answers
3k views

Will printing more money during COVID cause hyperinflation?

When COVID started, many countries started printing loads of money and handing it out to their people. Here are some examples US is printing money to help save the economy from the COVID-19 crisis We’...
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Macroeconomic model or knowledge base representing connected industries in the world

I'm looking for data (model, Expert system, knowledge base) that describes how different industries and countries interact with each other. And the nature of the relationship between them. An example ...
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How much of new debt in Italy is due covid?

The debt to GDP of Italy ballooned in 2021 to 158.5% (https://www.reuters.com/article/us-italy-budget-debt-idUSKBN29L0PP). That is almost 20% increase from 2019. I wonder how much of that is just ...
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Indifference Curve Analysis [closed]

I would like to analyse how COVID-19 has impacted the aviation industry by looking at how the demand for airlines + holidays has fallen via an indifference curve analysis. However, I'm not sure where ...
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7 votes
3 answers
569 views

What would be the economic effect of widespread instances of individuals paying off consumer debt?

In light of the economic impact of the recent shutdowns in response to COVID-19, the Australian Government is considering bringing forward planned tax cuts, that were do to be implemented gradually ...
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Is there a per country estimation of the GDP drop due to COVID?

I've been looking around for some per-country estimation of the expected GDP drop due to the COVID pandemic. I've found this answer in this site but it only mentions a few countries. I understand not ...
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Are there some examples of theoretical models that discuss pandemics?

I am looking for some papers/references that showcase theoretical economic models that incorporate pandemics. Most work seem to be purely empirical. Does anyone know of some papers that try to model ...
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Effects on Early International Travel Ban and Economy

Can't find articles regarding on this. Had the country set up an early international travel ban to avoid this Covid-19 pandemic, can that country survive thru local businesses after 4-6 months or more ...
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1 answer
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What are the economic after effects of a 10% pay cut to all state employees? [closed]

I am attempting to ask this question as impartially as possible, setting aside the political and social ramifications. Given: the shut down that began on March 2020, as a response to a contagious ...
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2 answers
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Why not create money to assist the post-COVID-19 economy?

In an imaginary country, a horrible computer virus infected some banks. Within a week, it caused the wealth of a large portion of the population (say, 50%) to drop significantly. For some, it cut 80% ...
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Why do we need to "get the economy moving again"?

Sorry I have no background in economics but as a computer programmer, I specialise in building models out of simple math and logic, so I hope we can speak the same language without having to get into ...
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Are there any estimates for what percentage of the jobs lost this spring are "permanent" at least for the rest of the year?

In a "view from the helicopter" video by The Economist on the aftereffects of Covid-19, one of the editors says that it's very unlikely we'll see a return to normal this year e.g. in the restaurant ...
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Why does the Market Risk Premium increase in times of crisis?

My question is a bit more specific as it is indeed well known that investors expect higher returns in times of higher risks/volatility. However, isn't it counterintuitive to expect the market to ...
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1 answer
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COVID-19 Policy Analysis

Let's assume I have a dataset consisting of fiscal/monetary policy responses and non-pharmaceutical interventions to the COVID-19 crisis in tens of countries. How would I go about analyzing their ...
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Does price cap in emergency situation (COVID-19) reduce the availability of a good? Does unregulated market increase it instead?

I was discussing with one of my friend about Italy price cap on surgical mask to control speculation. He says price cap does not allow industries to invest more to increase the production that would ...
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2 votes
1 answer
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UK Government Coronavirus Job Retention Scheme Funding

During the Covid-19 outbreak the UK government is offering to pay upto 80% or a max of £2500 per month to prevent employers laying off workers; Furloughed workers If you and your employer both ...
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Why is the Australian Government financing the stimulus via debt rather than the RBA?

The Australian Government is engaging in quantitative easing for the first time. The RBA is creating money that is being used to buy bonds on the secondary market so that there is enough liquidity for ...
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The government is issuing massive debt for coronavirus relief - why aren't interest rates rising?

As I understand it, the US Treasury Department issues bonds to pay for the government's coronavirus rescue spending. I might have thought that such a large input to the fixed income market on the ...
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How can government mitigate the long-term effects of current shut downs?

I’m not well versed in economics by any stretch of the imagination. But I am confused with certain measures taken thus far by the government. There is currently a temporary shutdown of vast sectors ...
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2 answers
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Economics of Justifying N95 masks and Mass COVID testing [closed]

The US has shutdown a significant fraction of its economy because of COVID-19. Eventually we will all migrate in a pre-COVID direction. Obviously, too fast would be a medical disaster, too slow ...
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2 answers
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Statistical models which represent the impact of strict measures vs no strict measures (and less economic impact), enforced due to Covid-19

I have been wondering whether there are statistical models like this one, (which estimated the deaths caused by the virus itself) that estimate the deaths caused by the economic turndown. There is an ...
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What are the economic arguments against (a) variolation (analogue) as a solution for Covid-19?

It has been suggested in some parts of the (usually right-wing) press that a solution to Covid-19, especially in economics terms, is to expose the young to the virus sooner, e.g.: Perednia [...] ...
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Why doesn't the Federal government just let the stock market crash?

In a normal financial crisis the government tries to maintain the stock market prices to prevent a spike in unemployment as companies collapse and run layoffs. But given that we're in the midst on a ...
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1 answer
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Why could boasting oil during the current drop in oil demand be good for Saudi Arabia?

According to Bloomberg : Saudi Arabia is one of the few countries in the world that can boast crude production that’s profitable in the current environment. But the kingdom’s economy is at risk, ...
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1 answer
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What are the effects of a 12 month sudden stop/shutdown of a capitalistic economy like the US? [closed]

Consider a scenario where consumer confidence remains low until a virus such as COVID-19 is contained. In this scenario, containment is defined as being achieved once a vaccine is manufactured and ...
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9 votes
3 answers
658 views

Economics Online Seminars

As education moves to the internet, so are research seminars. Some of these seminars are regular and others appear to be temporary due to the covid-19 and the lockdown. Here are some examples from ...
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How likely is a total economic collapse due to the potential coronavirus impact? [closed]

Most signs show that lockdown could easily stretch through the summer. A freeze in consumer spending would cause multiple industries to fail causing a ripple effect. To be specific, if lockdown lasts ...
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How will Coronavirus affect Social Security solvency?

The Coronavirus (known by younger millennials as the "Boomer Plague") is estimated to have a cost of life between 100,000 - 240,000 Americans. According to the CDC approximately 80% of deaths ...
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Stimulus (Rescue) Package [duplicate]

With regard to the recent 2 trillion dollar coronavirus package, is the money just being printed or borrowed? A gentleman from the tax payer union claims the taxpayer will eventually be on the hook.
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2 answers
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Should unemployment caused by the government closing non-essential businesses during quarantine be counted as structrural unemployment?

I have following definition of structural unemployment (taken from "Modern principles of economics" by Tyler Cowen and Alex Tabarrok): Long-term unemployment caused by shocks or permanent features ...
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Does the sudden spike in the US jobless claim pose systemic risk to the US unemployment insurance system?

There has been an unprecedented short-term increase in US unemployment owing to the Covid-19 crisis. Initial jobless claims soared to a seasonally adjusted 3.28 million in the week ended March 21, ...
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How much more can the US Federal Reserve spend on COVID-19?

On Mar. 26 2020, the Federal Reserve’s Balance Sheet Tops $5 Trillion for First Time. Is the Fed's spending capped at some maximum? I studied in Canada and am ignorant of U.S. I'm asking about just ...
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What are the exact sources of CARES Act economic transfers? [duplicate]

The bill Coronavirus Aid, Relief, and Economic Security Act provides "2 trillion". (There is also H.R.6201 - Families First Coronavirus Response Act providing aid.) From which sources will the ...
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2 answers
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Why does global suspension of economic activity result in catastrophic loss/debt?

Covid-19 has forced a suspension of at least 50% of financial transactions and business activities. Materially, not much has been lost: consumables have been spared, equipment is dormant, ...
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1 answer
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Won’t paying wages to temporarily unemployed due to Coronavirus result in inflation?

UK government promises to pay 80% of wages for people unemployed due to coronavirus. I am not economist, so I am probably missing something, but shouldn’t paying wages to unemployed due to coronavirus ...
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2 votes
2 answers
143 views

How is the Corona $2 trilion stimulus package going to be financed?

Perhaps this is a simple question but as a non-US citizen I don't understand how the US government is going to finance the $2 trillion stimulus package to combat the economic damage due to the Corona ...
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2 votes
0 answers
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Federal Reserve Leveraging of COVID-19 Fund

Reading an article in The New York Times about the COVID-19 stimulus bill, I stumbled on this detail the Fed can take a limited amount of funds and deploy them widely: The central bank only needs ...
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15 votes
3 answers
856 views

The Economics of Coronavirus

People are concerned about the economic impacts of the virus. How severe will the economic downturn be? Will the coronavirus cause a global recession worse than the 2008 crisis? I'm not looking here ...
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Who is working right now? (coronoavirus)

Is there any research, graphs, or any formal (non-opinion) information on where I can get information on what people are working right now? I want to know, who is still collecting a paycheck. I am a ...
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Will US Treasury and Federal Reserve's expansionary policies in 2020 crowd out?

Scott Minerd, CIO of Guggenheim Investments contends What could go wrong with my outlook? We are already in uncharted territory and another black swan might emerge in the midst of a very fragile ...
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