What Are The Economic Effects Of Pandemic Containment Policies Evidence From Sweden

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What Are the Economic Effects of Pandemic Containment Policies? Evidence from Sweden

Author : Jana Bricco,Florian Misch,Alexandra Solovyeva
Publisher : Unknown
Page : 30 pages
File Size : 41,5 Mb
Release : 2020-09-18
Category : Electronic
ISBN : 151355610X

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What Are the Economic Effects of Pandemic Containment Policies? Evidence from Sweden by Jana Bricco,Florian Misch,Alexandra Solovyeva Pdf

This paper examines the economic effects of policies to contain Covid-19, by extracting lessons from Sweden's experience during the 'Great Lockdown'. Sweden's approach was less stringent and based more on social responsibility than legal obligations compared to European peers. First, we provide an account of Sweden's strategy and the health outcomes. Second, drawing on a range of data sources and empirical findings, our analysis of the first Covid-19 wave indicates that a less stringent strategy can soften the economic impact initially. These benefits could be eroded subsequently, due to potentially higher infection rates and a prolonged pandemic, but in Sweden's case, the evidence remains mixed in this regard, and it is premature to judge the outcome of Sweden's containment strategy. In addition, the economic effects of the containment strategy also depend on social behavior, demographics and structural features of the economy, such as the degree of export orientation, reliance on global supply chains, and malleability to remote working.

The Swedish Experiment

Author : Yohann Aucante
Publisher : Policy Press
Page : 184 pages
File Size : 54,9 Mb
Release : 2022-06-29
Category : Political Science
ISBN : 9781529223880

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The Swedish Experiment by Yohann Aucante Pdf

With Sweden traditionally hailed as a social and economic model, it is no wonder that the Swedish response to the COVID-19 pandemic raised a lot of questions – and eyebrows – around the world. This short book explores Sweden’s unique response to the global pandemic and the strong wave of controversies it triggered. It helps to make sense of the response by defining ‘a Swedish model’ that incorporates the country’s value system, underpinning its politics and administration in relation to, among other things, welfare, democracy, civil liberties and respect for expertise. The book also acts as a case study for understanding the moral and normative ways in which different national approaches to the pandemic have been compared.

Digitalization and Big Data for Resilience and Economic Intelligence

Author : Alina Mihaela Dima,Mihaela Kelemen
Publisher : Springer Nature
Page : 242 pages
File Size : 45,9 Mb
Release : 2022-03-05
Category : Business & Economics
ISBN : 9783030932862

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Digitalization and Big Data for Resilience and Economic Intelligence by Alina Mihaela Dima,Mihaela Kelemen Pdf

This book highlights the economic and social science perspectives in light of COVID-19. During 2020, leaders found themselves at historic crossroads, taking decisions under remarkable pressures and uncertainties. However, windows of opportunity are being created to shape the economic recovery, restore the health of the environment, develop sustainable business models, strengthen regional development, revitalize global cooperation, harness Industry 4.0, and redesign the social contracts, skills, and jobs. This book is an excellent resource for all those interested in economics and social sciences perspectives on digitalization and big data, especially in the light of the recent crisis determined by COVID-19. The chapters cover topics related to new models in entrepreneurship and innovation, sustainability and education, data science and digitalization, marketing and finance, etc., that will develop innovative instruments for countries, businesses, and education to revive after the crisis.

Output Losses in Europe During COVID-19: What Role for Policies?

Author : Mr. Anil Ari,Jean-Marc B. Atsebi,Mar Domenech Palacios
Publisher : International Monetary Fund
Page : 40 pages
File Size : 54,9 Mb
Release : 2022-07
Category : Business & Economics
ISBN : 9798400215247

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Output Losses in Europe During COVID-19: What Role for Policies? by Mr. Anil Ari,Jean-Marc B. Atsebi,Mar Domenech Palacios Pdf

We use a decomposition methodology to analyze the factors underlying the differentiated output losses of European countries in 2020. Our findings are fourfold: First, 2020 growth outcomes can be explained by differences in mobility, underlying growth trends, and pre-pandemic country fundamentals. Second, fiscal and monetary policies helped alleviate output losses during the pandemic in all European countries but to a varying extent. Third, shallower recessions in emerging market economies in Europe can be attributed to higher underlying growth and younger populations. Fourth, fiscal multipliers were higher in countries where above-the-line measures accounted for a larger share of the total fiscal package, the size of the total fiscal package was smaller, and inequality and informality were greater, as well as in countries with IMF-supported program during the pandemic.

The Economic Effects of COVID-19 Containment Measures

Author : Pragyan Deb,Davide Furceri,Jonathan David Ostry,Nour Tawk
Publisher : Unknown
Page : 44 pages
File Size : 48,8 Mb
Release : 2020-08-07
Category : Electronic
ISBN : 151355025X

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The Economic Effects of COVID-19 Containment Measures by Pragyan Deb,Davide Furceri,Jonathan David Ostry,Nour Tawk Pdf

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 global data on real-time containment measures and indicators of economic activity such as Nitrogen Dioxide (NO2) emissions, flights, energy consumption, maritime trade, and mobility indices. Results suggest that containment measures have had, on average, a very large impact on economic activity--equivalent to a loss of about 15 percent in industrial production over a 30-day period following their implementation. Using novel data on fiscal and monetary policy measures used in response to the crisis, we find that these policy measures were effective in mitigating some of these economic costs. We also find that while workplace closures and stay-at-home orders are more effective in curbing infections, they are associated with the largest economic costs. Finally, while easing of containment measures has led to a pickup in economic activity, the effect has been lower (in absolute value) than that from the tightening of measures.

Sweden

Author : International Monetary Fund. European Dept.
Publisher : International Monetary Fund
Page : 41 pages
File Size : 47,5 Mb
Release : 2021-03-25
Category : Business & Economics
ISBN : 9781513574684

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Sweden by International Monetary Fund. European Dept. Pdf

Sweden entered the pandemic with substantial buffers and suffered a relatively shallow recession in 2020. The decline in output was moderated by substantial income and liquidity support as well as structural features of the economy. Sweden’s initial less stringent containment strategy seems to have altered the timing of the economic fallout, which intensified towards the middle of the year. This fallout has particularly impacted the youth and foreign-born. Economic recovery is projected over the next two years, but uncertainty has increased due to the new strains of the virus and slow vaccination.

OECD Economic Outlook, Volume 2020 Issue 1

Author : OECD
Publisher : OECD Publishing
Page : 327 pages
File Size : 44,7 Mb
Release : 2020-06-10
Category : Electronic
ISBN : 9789264700611

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OECD Economic Outlook, Volume 2020 Issue 1 by OECD Pdf

The OECD Economic Outlook is the OECD's twice-yearly analysis of the major economic trends and prospects for the next two years. This issue includes a general assessment of the macroeconomic situation, a series of notes on the macroeconomic and structural policy issues related to the COVID-19 outbreak and a chapter summarising developments and providing projections for each individual country.

Nordic Economic Policy Review 2022: COVID-19 Effects on the Economy in the Nordics

Author : Andersen, Torben M.,Holden, Steinar,Honkapohja, Seppo,Eichhorst, Werner,Brunner, Johannes,Zoega, Gylfi,Hultkrantz, Lars,Svensson, Mikael,Hall, Caroline,Hardoy, Inés,Lundin, Martin,Huttunen, Kristiina,Pesola, Hanna
Publisher : Nordic Council of Ministers
Page : 229 pages
File Size : 48,6 Mb
Release : 2022-06-07
Category : Business & Economics
ISBN : 9789289371773

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Nordic Economic Policy Review 2022: COVID-19 Effects on the Economy in the Nordics by Andersen, Torben M.,Holden, Steinar,Honkapohja, Seppo,Eichhorst, Werner,Brunner, Johannes,Zoega, Gylfi,Hultkrantz, Lars,Svensson, Mikael,Hall, Caroline,Hardoy, Inés,Lundin, Martin,Huttunen, Kristiina,Pesola, Hanna Pdf

Available online: https://pub.norden.org/nord2022-001/ This issue of the Nordic Economic Policy Review surveys the economic repercussions of the COVID-19 pandemic and the health and economic policies introduced to minimise its impact in the Nordic countries. Although national policies were broadly similar, they also differed in many respects. Given that some enjoyed greater success than others, comparing different policies and their effects may yield valuable lessons for the future. The Nordic countries weathered the pandemic relatively well compared to most other high-income countries, both in terms of public health and economic repercussions. Infection and excess mortality rates were comparatively low in the Nordic Region, except in Sweden, where they relied more on recommendations and guidelines than mandatory measures to contain the spread of the virus. The fall in GDP was also comparatively small and short-lived in all the countries except Iceland, where tourism plays a more prominent role in the economy. Nordic Economic Policy Review (NEPR) aims to convey policy-relevant, up to date research on different economic issues. The review produces one issue per year, each time with a new topic and researchers. NEPR strives to make the latest economic research accessible to both decision-makers and a broader audience, as well as to contribute to Nordic knowledge exchange on economic policy issues and challenges.

The Oxford Handbook of Swedish Politics

Author : Jon Pierre
Publisher : Oxford University Press
Page : 737 pages
File Size : 47,7 Mb
Release : 2016
Category : Political Science
ISBN : 9780199665679

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The Oxford Handbook of Swedish Politics by Jon Pierre Pdf

Series titles from the publisher's website.

COVID-19 Containment Measures and Expected Stock Volatility: High-Frequency Evidence from Selected Advanced Economies

Author : Viral V. Acharya,Yang Liu,Mr. Yunhui Zhao
Publisher : International Monetary Fund
Page : 43 pages
File Size : 42,5 Mb
Release : 2021-06-04
Category : Business & Economics
ISBN : 9781513573502

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COVID-19 Containment Measures and Expected Stock Volatility: High-Frequency Evidence from Selected Advanced Economies by Viral V. Acharya,Yang Liu,Mr. Yunhui Zhao Pdf

We study the effect of COVID-19 containment measures on expected stock price volatility in some advanced economies, using event studies with hand-collected minute-level data and panel regressions with daily data. We find that six-month-ahead volatility indices dropped following announcements of initial or re-imposed lockdowns, and that they did not drop significantly following the easing of lockdowns. Such patterns are not as strong for three-month-ahead expected volatility and generally absent for one-month-ahead expected volatility. These results provide suggestive evidence for the existence of an intertemporal trade-off: although stringent containment measures cause short-term economic disruptions, they may reduce medium-term uncertainty (reflected in expected stock volatility) by boosting markets’ confidence that the outbreak would be under control more quickly.

Governing the Embedded State

Author : Bengt Jacobsson,Jon Pierre,Göran Sundström
Publisher : Oxford University Press, USA
Page : 177 pages
File Size : 43,6 Mb
Release : 2015
Category : Political Science
ISBN : 9780199684168

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Governing the Embedded State by Bengt Jacobsson,Jon Pierre,Göran Sundström Pdf

Governing the Embedded State integrates governance theory with organization theory and examines how states address social complexity and international embeddedness. Drawing upon extensive empirical research on the Swedish government system, this volume describes a strategy of governance based in a metagovernance model of steering by designing institutional structures. This strategy is supplemented by micro-steering of administrative structures within the path dependencies put in place through metagovernance. Both of these strategies of steering rely on subtle methods of providing political guidance to the public service where norms of loyalty to the government characterize the relationship between politicians and civil servants. By drawing upon this research, the volume will explain how recent developments such as globalization, Europeanization, the expansion of managerial ideas, and the fragmentation of states, have influenced the state's capacity to govern. The result is an account of contemporary governance which shows the societal constraints on government but also the significance of close interaction and cooperation between the political leadership and the senior civil servants in addressing those constraints.

Pandemic Economics

Author : Thomas R. Sadler
Publisher : Taylor & Francis
Page : 347 pages
File Size : 42,9 Mb
Release : 2021-07-27
Category : Business & Economics
ISBN : 9781000411317

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Pandemic Economics by Thomas R. Sadler Pdf

Provides a comprehensive exploration of pandemic economics, covering both micro and macro dimensions Strong international focus, with case studies of how different countries experienced the covid-19 pandemic Pedagogical features within the text, including chapter objectives, chapter summaries, key terms, suggested further reading, and discussion questions for solo or group study Online supplements including PowerPoint slides, test questions, extra case studies, answers to discussion questions, and an instructor guide

Economic and fiscal outlook

Author : Office for Budget Responsibility
Publisher : The Stationery Office
Page : 164 pages
File Size : 51,7 Mb
Release : 2010-11-29
Category : Business & Economics
ISBN : 0101797923

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Economic and fiscal outlook by Office for Budget Responsibility Pdf

The Office for Budget Responsibility was established to provide independent and authoritative analysis of the UK's public finances. Part of this role includes producing the official economic and fiscal forecasts. This report sets out forecasts for the period to 2015-16. The report also assesses whether the Government is on course to meet the medium-term fiscal objectives and presents preliminary observations on the long-run sustainability of the public finances. Since the June forecast, the UK economy has recovered more strongly than initially expected. The GDP growth was greater than expected in both the 2nd and 3rd quarters, but that unemployment levels have risen to levels that the June forecast did not anticipate until the middle of 2012. In general the world economy has also grown more strongly. CPI inflation has remained slightly higher than expected in June, whilst public finances have performed as forecast. The interest rates on UK debt are lower than in June. The OBR forecasts that the economy will continue to recover from the recession, but at a slower pace than the recoveries of the 1970s, 1980s and 1990s. The publication is divided into 5 chapters with two annexes.

Defying the Odds: Remittances During the COVID-19 Pandemic

Author : Mr. Kangni R Kpodar,Mr. Montfort Mlachila,Mr. Saad N Quayyum,Vigninou Gammadigbe
Publisher : International Monetary Fund
Page : 35 pages
File Size : 45,7 Mb
Release : 2021-07-16
Category : Business & Economics
ISBN : 9781513578453

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Defying the Odds: Remittances During the COVID-19 Pandemic by Mr. Kangni R Kpodar,Mr. Montfort Mlachila,Mr. Saad N Quayyum,Vigninou Gammadigbe Pdf

This paper provides an early assessment of the dynamics and drivers of remittances during the COVID-19 pandemic, using a newly compiled monthly remittance dataset for a sample of 52 countries, of which 16 countries with bilateral remittance data. The paper documents a strong resilience in remittance flows, notwithstanding an unprecedent global recession triggered by the pandemic. Using the local projection approach to estimate the impulse response functions of remittance flows during Jan 2020-Dec 2020, the paper provides evidence that: (i) remittances responded positively to COVID-19 infection rates in migrant home countries, underscoring its role as an important automatic stabilizer; (ii) stricter containment measures have the unintended consequence of dampening remittances; and (iii) a shift from informal to formal remittance channels due to travel restrictions appears to have also played a role in the surge in formal remittances. Lastly, the size of the fiscal stimulus in host countries is positively associated with remittances as the fiscal response cushions the economic impact of the pandemic.

Comparative Governance

Author : B. Guy Peters,Jon Pierre
Publisher : Cambridge University Press
Page : 273 pages
File Size : 52,7 Mb
Release : 2016-09-15
Category : Political Science
ISBN : 9781107163799

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Comparative Governance by B. Guy Peters,Jon Pierre Pdf

Proposes a new, advanced theory of governance, emphasizing the interactions of the state with other actors.