Mohammad Akbarpour (Stanford)

"Socioeconomic Network Heterogeneity and Pandemic Policy Response"

Abstract: This paper uses a threshold-augmented Global VAR model to quantify the macro- economic e¤ects of countries’discretionary …scal actions in response to the Covid-19 pandemic and its fallout. Our results are threefold: (1) …scal policy is playing a key role in mitigating the e¤ects of the pandemic; (2) all else equal, countries that implemented larger …scal support are expected to experience less output contractions; (3) emerging markets are also bene…ting from the synchronized …scal actions globally through the spillover channel and reduced …nancial market volatility.

When: Friday 26th February 2021 - 4:00pm

Where: Zoom

Reading Group: Networks Webinar

Theme: networks