Economic Uncertainty During COVID-19 Pandemic in Latin America and Asia

Ines Abdelkafi (), Sahar Loukil () and YossraBen Romdhane ()
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Ines Abdelkafi: URAMEF, ESC, University of Sfax
Sahar Loukil: University of Sfax
YossraBen Romdhane: IHEC, University of Sfax

Journal of the Knowledge Economy, 2023, vol. 14, issue 2, No 43, 1582-1601

Abstract: Abstract The purpose of this article is to analyze the impact of COVID-19 pandemic on inflation and exchange rate volatility and to study the government measures implemented in order to support economies. Based on monthly data from January to September 2020 for 10 countries, the dynamic panel data model is used to study the effect of COVID-19 spread. The results reveal that high infections negatively affect exchange rate and inflation; the responses of governments increase inflation and result in a lower exchange rate. In fact, providing health protocols which entered the countries into a new economic and financial crisis since economic agents could not freely engage in economic activities. Therefore, policy makers in both regions should invest in health infrastructure to improve the capacity of the national health system to resist the epidemic of contagious diseases.

Keywords: COVID-19 pandemic; Public health; Government policy; Monetary policy; Dynamic panel data model (search for similar items in EconPapers)
Date: 2023
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DOI: 10.1007/s13132-021-00889-5

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