We estimate a VAR with world-level variables to simulate the e¤ects 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%).
The global effects of Covid-19-induced uncertainty
Giovanni Caggiano;Efrem Castelnuovo
;
2020
Abstract
We estimate a VAR with world-level variables to simulate the e¤ects 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%).File in questo prodotto:
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