Current Research
Map viewEconomists from around the world are using real time data collection to better understand the impact the Covid-19 crisis is having on families, workers, firms and society, and how policies can help the recovery out of the crisis. Find out more about how these research teams are carrying out their projects, and what their findings are below.
What do we learn from SARS-CoV-1 to SARS-CoV-2 evidence from global stock markets
This paper studies global stock market reactions to Covid-19 outbreaks caused by the virus SARS-CoV-2. The stock markets in countries that suffered from 2003 SARS diseases caused by a similar virus (SARS-CoV-1) react more quickly and strongly to the ...
Primary Topic: Lessons from history
Secondary Topic: Prices & interest rates
Lead investigator: Hong Ru
Covid-19 pandemic, public attention, and policy responses
Despite all countries being affected by the Covid-19 pandemic, the government's' responses have varied extensively in terms of speed, policy content, as well as the level of compulsion. We explore to what extent differences in the timing of...
Primary Topic: Attitudes, media & governance
Lead investigator: Cevat Giray Aksoy
Food and nutrition security in Addis Ababa, Ethiopia during Covid‑19 pandemic
On March 13th, the first Covid-19 case was confirmed in Ethiopia. Three days later, the government closed schools, banned all public gatherings and sporting activities, and recommended social distancing. Other measures to contain the spread of the vi...
Primary Topic: Families & households
Secondary Topic: Inequality & poverty
Lead investigator: Kalle Hirvonen
Countries
More than words: leaders’ speech and risky behavior during a pandemic
How do political leader’s words and actions affect people’s behavior? We address this question in the context of Brazil by combining electoral data and geo-localized mobile phone data for more than 60 million devices throughout the entire country...
Primary Topic: Attitudes, media & governance
Lead investigator: Nicolas Ajzenman
Countries
Using weekly financial and health diaries to track health and income effects of the Covid-19 outbreak and government response measures in rural Kenya
While the current number of Covid-19 cases is relatively limited in Kenya, the anticipation of Covid-19 arrives much earlier than any exponential growth of infections, and so do the measures in response to it. Even in the absence of Covid-19 cases, t...
Primary Topic: Health, physical & mental
Secondary Topic: Inequality & poverty
Lead investigator: Wendy Janssens
Countries
Nowcasting Norwegian household consumption with debit card transaction data
The recent shutdown of significant portions of the worldwide economy, in order to restrain the outbreak of the coronavirus, has triggered a global recession. The uncertain consequences of the rapid spread of the virus and the induced infection contro...
Primary Topic: Recession & recovery
Lead investigator: Knut Are Aastveit
Countries
On the effects of Covid-19 on online labour markets: empirical evidence from Europe
In online labour market platforms, projects can be posted and completed anywhere in the world. They are – intensified by Covid-19 – at the core of the debate about the future of work and the conditions under which we work online. Using unique com...
Primary Topic: Jobs, work, pay & benefits
Lead investigator: Frank Mueller-Langer
Shutdown policies and worldwide conflict
We provide real-time evidence on the impact of Covid-19 restrictions policies on conflicts globally. We combine daily information on conflict events and government policy responses to limit the spread of coronavirus to study how conflict levels vary ...
Primary Topic: Crime & policing
Lead investigator: Nicolas Berman
Birds of a feather lockdown together: mutual bird-human benefits during a global pandemic
Feeding backyard wildlife has impure public good characteristics – it can satisfy specific human motivations whilst also improving bird populations. We document a surge in human interest in connecting with wild birds during lockdowns to address the...
Primary Topic: Attitudes, media & governance
Lead investigator: Michael Brock
Market reactions to the arrival and containment of Covid-19: an event study
We study the short-term market reactions of US and European stocks during the beginning of the Covid-19 pandemic. Employing an event study, we document that stocks react significantly negative to the announcement of the first death in a given country...
Primary Topic: Business, big & small
Secondary Topic: Prices & interest rates
Lead investigator: Thomas Heyden
How the Covid-19 lockdown affected gender inequality in paid and unpaid work in Spain
The Covid-19 pandemic led many countries to close schools and declare lockdowns during the spring of 2020, with important impacts on the labor market. We document the effects of the Covid-19 lockdown in spain, which was hit early and hard by the pand...
Primary Topic: Jobs, work, pay & benefits
Secondary Topic: Inequality & poverty
Lead investigator: Lidia Farre
Countries
Volatility shocks and investment behavior
We investigate how volatility shocks influence investments into a risky asset, perceptions about the asset’s risk, its future price/return development, and investor satisfaction. We run investment experiments mimicking volatility shocks with two su...
Primary Topic: Attitudes, media & governance
Lead investigator: Christoph Huber
Countries
Compulsory face mask policies do not affect community mobility in Germany
There is currently a heated debate about making face masks compulsory in public spaces to contain Covid-19. A key concern is that such policies could lead to risk compensating behaviour and thereby undermine efforts to maintain social distancing and ...
Primary Topic: Attitudes, media & governance
Lead investigator: Roxanne Kovacs
Countries
Migration and the labor market impacts of Covid-19
Labor migration is a fundamental component of household income for a large number of households in many parts of the world, especially in poorer and more rural areas. Migrant households are hardest hit by Covid-19 mitigation policies as social distan...
Primary Topic: Jobs, work, pay & benefits
Secondary Topic: Families & households
Lead investigator: Nathan Barker
Countries
The economic effects of Covid-19 containment measures
Many countries around the world have implemented stringent containment measures to halt the spread of the 2019 coronavirus disease (Covid-19) and limit the number of fatalities. Though crucial to slow the course of the pandemic, these measures entail...
Primary Topic: Attitudes, media & governance
Lead investigator: Pragyan Deb
Human behaviour, cultural narratives and the economy during and after Covid-19
This project focuses on the Culture-Based Development (CBD) aspects of the effect of the Covid-19 pandemic. It analyses cultural biases created through narratives and conveying old social constructs that generate socio-economic inequalities during an...
Primary Topic: Inequality & poverty
Secondary Topic: Health, physical & mental
Lead investigator: Annie Tubadji
Countries
Measuring social distancing: an empirical analysis using geo-location data from smartphones
This research project uses anonymized geo-location data from 60 million mobile phone users in Brazil to quantify the impact of coronavirus lockdown measures on social distancing. The results confirm that the current share of the population staying ho...
Primary Topic: Attitudes, media & governance
Lead investigator: Tharcisio Leon
Countries
The cost of staying open: voluntary social distancing and lockdowns in the us
In combating the spread of Covid-19, some governments have been reluctant to adopt lockdown policies due to their perceived economic costs. Such costs can, however, arise even in the absence of restrictive policies, if individuals' independent r...
Primary Topic: Recession & recovery
Secondary Topic: Attitudes, media & governance
Lead investigator: David Van Dijcke
Countries
The sooner, the better: the early economic impact of non-pharmaceutical interventions during the Covid-19 pandemic
The size of the economic shocks triggered by the Covid-19 pandemic and the effects of the associated non-pharmaceutical interventions have not been fully assessed because the official economic indicators have not been published. This paper provides e...
Primary Topic: Recession & recovery
Lead investigator: Asli Demirgüç-Kunt
Economic determinants of violence in the home: the case of Sweden during Covid-19
Violence within the home is the most common form of interpersonal violence for women. While children and men are also victims of abuse of various kind within the family, intimate partner violence (IPV) committed by men against women is generally the ...
Primary Topic: Crime & policing
Secondary Topic: Families & households
Lead investigator: Maria Perrota
Countries
