Uncertainty and the Pandemic Shocks

Pierpaolo Benigno, Paolo Canofari, Giovanni Di Bartolomeo () and Marcello Messori

No 202, Working Papers in Public Economics from Department of Economics and Law, Sapienza University of Roma

Abstract: The Covid-19 pandemic shocks are an important source of uncertainty on several dimensions. These shocks influence the landscape, in which policymakers operates, and create further uncertainty on policy decisions and on their effectiveness. The aim of this paper is to offer some relative measures of the pandemic uncertainty, and to discuss the impact of this uncertainty on the possible evolution of European economies during the second wave of Covid-19. The emphasis is on the effectiveness of the policies implemented.

Keywords: Covid19; Central banking; Recessions (search for similar items in EconPapers)
JEL-codes: E32 E58 E65 (search for similar items in EconPapers)
Pages: 27
Date: 2021-10
New Economics Papers: this item is included in nep-ban, nep-cba and nep-mac
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

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Related works:
Working Paper: Uncertainty and the Pandemic Shocks (2020)
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