IDEAS home Printed from https://ideas.repec.org/p/ces/econpb/_27.html
   My bibliography  Save this paper

Covid-19: The World Economy Needs a Lifeline – But Which One?

Author

Listed:
  • Dorine Boumans
  • Sebastian Link
  • Stefan Sauer

Abstract

This paper from Dorine Boumans, Sebastian Link and Stefan Sauer (EconPol Europe, ifo Institute) presents the results of a survey of 1000 economic experts in 110 countries on the economic effects of the Covid-19 pandemic and the effectiveness of different policy measures to combat the crisis for different countries. The results indicate that economies all around the globe are severely hit by the Covid-19 crisis. The experts perceive the reductions in investment to have the strongest impact on their domestic economies. In consequence, the experts expect a severe recession in almost all countries in 2020, followed by a long period of economic recovery. The experts rate emergency liquidity assistance to firms as well as temporary tax deferrals for businesses as the most effective policy measures, but do not regard other responses such as helicopter money or lenient bank supervision as being well suited to combat the crisis.

Suggested Citation

  • Dorine Boumans & Sebastian Link & Stefan Sauer, 2020. "Covid-19: The World Economy Needs a Lifeline – But Which One?," EconPol Policy Brief 27, ifo Institute - Leibniz Institute for Economic Research at the University of Munich.
  • Handle: RePEc:ces:econpb:_27
    as

    Download full text from publisher

    File URL: https://www.ifo.de/DocDL/EconPol_Policy_Brief_27_COVID19_Economy_Lifeline.pdf
    Download Restriction: no

    References listed on IDEAS

    as
    1. Dorine Boumans & Johanna Garnitz & Günther G. Schulze, 2018. "Who has terror angst? Perceptions of the effects of terror on the world economy," Applied Economics Letters, Taylor & Francis Journals, vol. 25(1), pages 29-33, January.
    2. Florian Dorn & Clemens Fuest & Marcell Göttert & Carla Krolage & Stefan Lautenbacher & Robert Lehmann & Sebastian Link & Sascha Möhrle & Andreas Peichl & Magnus Reif & Stefan Sauer & Marc Stöckli & Kl, 2020. "The Economic Costs of the Coronavirus Shutdown for Selected European Countries: A Scenario Calculation," EconPol Policy Brief 25, ifo Institute - Leibniz Institute for Economic Research at the University of Munich.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Dorine Boumans & Pauliina Sandqvist & Stefan Sauer, 2020. "World Economy: What Does the Road to Recovery from COVID-19 Look Like? Expert Survey on Worldwide Effects of the Pandemic," EconPol Policy Reports 26, ifo Institute - Leibniz Institute for Economic Research at the University of Munich.
    2. Otilia Manta, 2020. "Measures and Possible Support Solutions of the Sustainable European Economy in the Context of Actual Crises," European Journal of Marketing and Economics, European Center for Science Education and Research, vol. 3, May - Aug.
    3. Petr Polak & Lubos Komarek & Iveta Polaskova & Pavla Netusilova, 2020. "The fiscal policy reaction to COVID-19, or the fast way out of the crisis," Occasional Publications - Chapters in Edited Volumes, in: CNB Global Economic Outlook - May 2020, pages 12-19, Czech National Bank.
    4. Dorine Boumans & Anna Pauliina Sandqvist & Stefan Sauer, 2020. "Wie sieht der Erholungskurs der Weltwirtschaft aus? Erkenntnisse aus einer weltweiten Umfrage bei Wirtschaftsexpert*innen," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 73(10), pages 62-67, October.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Otilia Manta, 2020. "Measures and Possible Support Solutions of the Sustainable European Economy in the Context of Actual Crises," European Journal of Marketing and Economics, European Center for Science Education and Research, vol. 3, May - Aug.
    2. Martin Mosler & Niklas Potrafke & Markus Reischmann, 2019. "How to Handle the Fiscal Crisis in Greece: Empirical Evidence Based on a Survey of Economic Experts," Fiscal Studies, John Wiley & Sons, vol. 40(3), pages 375-399, September.
    3. Dorine Boumans & Clemens Fuest & Carla Krolage & Klaus Wohlrabe, 2020. "Expected effects of the US tax reform on other countries: global and local survey evidence," International Tax and Public Finance, Springer;International Institute of Public Finance, vol. 27(6), pages 1608-1630, December.
    4. Stefan Sauer & Klaus Wohlrabe, 2020. "ifo Handbuch der Konjunkturumfragen," ifo Beiträge zur Wirtschaftsforschung, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, number 88, November.
    5. Palomino, Juan C. & Rodríguez, Juan G. & Sebastian, Raquel, 2020. "Wage inequality and poverty effects of lockdown and social distancing in Europe," European Economic Review, Elsevier, vol. 129(C).
    6. Dorine Boumans & Pauliina Sandqvist & Stefan Sauer, 2020. "World Economy: What Does the Road to Recovery from COVID-19 Look Like? Expert Survey on Worldwide Effects of the Pandemic," EconPol Policy Reports 26, ifo Institute - Leibniz Institute for Economic Research at the University of Munich.
    7. Siedschlag, Iulia & Yan, Weijie, 2020. "Containing the COVID-19 Pandemic: What Determined the Speed of Government Interventions?," Papers WP680, Economic and Social Research Institute (ESRI).
    8. Anton Pichler & Marco Pangallo & R. Maria del Rio-Chanona & Franc{c}ois Lafond & J. Doyne Farmer, 2020. "Production networks and epidemic spreading: How to restart the UK economy?," Papers 2005.10585, arXiv.org.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ces:econpb:_27. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Klaus Wohlrabe). General contact details of provider: http://edirc.repec.org/data/ifooode.html .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.