The global effects of Covid-19-induced uncertainty

Giovanni Caggiano, Efrem Castelnuovo and Richard Kima

Economics Letters, 2020, vol. 194, issue C

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%).

Keywords: Covid-19; Financial uncertainty; Vector autoregressions; Global financial cycle; World industrial production (search for similar items in EconPapers)
JEL-codes: C32 E32 (search for similar items in EconPapers)
Date: 2020
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Citations: View citations in EconPapers (85)

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Related works:
Working Paper: The Global Effects of Covid-19-Induced Uncertainty (2020)
Working Paper: The global effects of Covid-19-induced uncertainty (2020)
Working Paper: The global effects of Covid-19-induced uncertainty (2020)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:194:y:2020:i:c:s0165176520302457

DOI: 10.1016/j.econlet.2020.109392

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