The global effects of Covid-19-induced uncertainty

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2020-09-01
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Economics Letters
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Elsevier
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Economics
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Caggiano, G., Castelnuovo, E. & Kima, R. (2020). The global effects of Covid-19-induced uncertainty. Economics Letters, 194, pp.109392-. https://doi.org/10.1016/j.econlet.2020.109392.
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We estimate a VAR with world-level variables to simulate the effects 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%).
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