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Jinjarak, Ahmed, Nair-Desai, Xin, Aizenman



Articles by Jinjarak, Ahmed, Nair-Desai, Xin, Aizenman

Pandemic shocks and fiscal-monetary policies in the euro area

July 6, 2020

Yothin Jinjarak, Rashad Ahmed, Sameer Nair-Desai, Weining Xin, Joshua Aizenman 06 July 2020

The COVID-19 shock hit the euro area in March 2020, mushrooming into a major pandemic that tested the medical, social, and economic capabilities of euro area countries (Bénassy-Quéré and Weder di Mauro 2020).  Within two months, the enormity of the health and economic threats became clear. The virus wreaked havoc on both domestic and external demand in France, Italy, and Spain, while contractions in Germany (and smaller euro area economies) were also sizeable, but less severe. As a result, COVID-19 triggered costly containment policies, the collapse of aggregate demand and international trade, and a sharp drop in the GDP of OECD countries.  In March 2020, the ECB

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Accounting for global COVID-19 diffusion patterns

May 20, 2020

Yothin Jinjarak, Rashad Ahmed, Sameer Nair-Desai, Weining Xin, Joshua Aizenman 20 May 2020

Key factors in modelling a pandemic and guiding policy-making include infection rates; mortality rates associated with infections; the ability and effectiveness of policies, medical systems, and societies to adapt to the changing dynamics of a pandemic; and other structural factors (Verity et al. 2020). Understanding these factors is needed to remobilise workers without risking a medical overload (Baldwin 2020). In Jinjarak et al. (2020), we take stock of the data gathered during the first three months of the COVID-19 pandemic, tracing the associations between COVID-19 mortality and pandemic policy interventions while accounting for global pandemic diffusion

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