TY - UNPB
T1 - Economic effects of Covid-19 in Luxembourg: First RECOV id working note with preliminary estimates.
AU - Beine, Michel
AU - Bertoli, Simone
AU - Chen, Shuai
AU - D'Ambrosio, Conchita
AU - Docquier, Frédéric
AU - Dupuy, Arnaud
AU - Fusco, Alessio
AU - Girardi, Silvia
AU - Haas, Tom
AU - Islam, Nizamul
AU - Koulovatianos, Christos
AU - Leduc, Kristell
AU - Lorentz, Nathalie
AU - Machado, Joël
AU - Muller, Aline
AU - Peluso, Eugenio
AU - Peroni, Chiara
AU - Picard, Pierre
AU - Pieretti, Patrice
AU - Rapoport, Hillel
AU - Sarracino, Francesco
AU - Sologon, Denisa
AU - Tatsiramos, Konstantinos
AU - Tenikue, Michel
AU - Theloudis, Alexandros
AU - Van Kerm, Philippe
AU - Verheyden, Bertrand
AU - Vergnat, Vincent
PY - 2020/4/8
Y1 - 2020/4/8
N2 - While medical staff has been serving on the front lines since early March, each research discipline aims to offer its humble contribution to the battle against the pandemic. The public health crisis and the measures implemented to make it less severe are more than likely to lead to a deep economic recession which opens up the possibility of systemic collapse of the global economy or of the European financial market. Unsurprisingly, leading economists around the world have suggested plans of actions to mitigate economic damages from Covid-19. Yet, lack of hindsight and information available for research at present makes any forecasting exercise difficult.In a working note released on April 6, RECOV id – a group of economists based in Luxembourg who join forces to assist the Task Force for the Coordination of the Public Research Sector in the Context of the Covid-19 Pandemic (Work Package 7 led by Aline Muller) – aims to rough out the subject and provide knowledge on the economic issues related to the Covid-19 crisis. The working note provides a summary of ongoing research as well as back-of-the-envelope estimations of the “direct” economic impact of the health crisis and resulting policy measures. It discusses forces that may drive to a breakdown of the global economic system and policy options that are available to decision makers to mitigate the short-run costs and the risk of a systemic collapse. It also provides suggestions for future research (...)
AB - While medical staff has been serving on the front lines since early March, each research discipline aims to offer its humble contribution to the battle against the pandemic. The public health crisis and the measures implemented to make it less severe are more than likely to lead to a deep economic recession which opens up the possibility of systemic collapse of the global economy or of the European financial market. Unsurprisingly, leading economists around the world have suggested plans of actions to mitigate economic damages from Covid-19. Yet, lack of hindsight and information available for research at present makes any forecasting exercise difficult.In a working note released on April 6, RECOV id – a group of economists based in Luxembourg who join forces to assist the Task Force for the Coordination of the Public Research Sector in the Context of the Covid-19 Pandemic (Work Package 7 led by Aline Muller) – aims to rough out the subject and provide knowledge on the economic issues related to the Covid-19 crisis. The working note provides a summary of ongoing research as well as back-of-the-envelope estimations of the “direct” economic impact of the health crisis and resulting policy measures. It discusses forces that may drive to a breakdown of the global economic system and policy options that are available to decision makers to mitigate the short-run costs and the risk of a systemic collapse. It also provides suggestions for future research (...)
KW - Economic effects
KW - COVID-19
KW - Luxembourg
KW - crisis
KW - global economy
M3 - Working paper
T3 - First RECOV id working note
BT - Economic effects of Covid-19 in Luxembourg: First RECOV id working note with preliminary estimates.
PB - LISER
CY - Luxembourg
ER -