This survey features three parts. The first one reviews the most recent literature on the
relationship between domestic (ie, country‐specific) uncertainty and the business cycle, and …

The Covid-19 pandemic has disrupted global supply chains, leading to shipment delays and
soaring shipping costs. We study the impact of global shipping costs—measured by the …

Containment measures are crucial to halt the spread of the 2019 COVID-19 pandemic but
entail large short-term economic costs. This paper tries to quantify these effects using daily …

The term “austerity” indicates a policy of sizeable reduction of govern-ment deficits and
stabilization of government debt achieved by means of spending cuts or tax increases, or …

This paper examines the economic effects of COVID-19 containment measures using daily
global data on containment measures, infections, and economic activity indicators, such as …

We study the impact of fluctuations in global oil prices on domestic inflation using an
unbalanced panel of 72 advanced and developing economies over the period from 1970 to …

The global financial crisis has permanently lowered the path of GDP in all advanced
economies. At the same time, and in response to rising government debt levels, many of …

In 2009 and 2010, China undertook a 4 trillion Yuan fiscal stimulus, roughly equivalent to 12
percent of annual GDP. The" fiscal" stimulus was largely financed by off-balance sheet …

This paper investigates the relation between growth forecast errors and planned fiscal
consolidation during the crisis. We find that, in advanced economies, stronger planned fiscal …

Countries have implemented several containment measures to halt the spread of the 2019
coronavirus disease, but it remains unclear the extent to which these unprecedented …