Economic Effects of Covid-19 in Luxembourg First Recovid Working Note with Preliminary Estimates
Economic effects of Covid-19 in Luxembourg First RECOVid working note with preliminary estimates working note April 6, 2020 Economic effects of Covid-19 in Luxembourg First RECOV id working note with preliminary estimates Michel Beine, Simone Bertoli, Shuai Chen, Conchita D'Ambrosio, Fr´ed´ericDocquier, Arnaud Dupuy, Alessio Fusco, Silvia Girardi, Tom Haas, Nizamul Islam, Christos Koulovatianos, Kristelle Leduc, Nathalie Lorenz, Jo¨elMachado, Eugenio Peluso, Chiara Peroni, Pierre Picard, Patrice Pieretti, Hillel Rapoport, Francesco Sarracino, Denisa Sologon, Konstantinos Tatsiramos Michel Tenikue, Alexandros Theloudis, Philippe Van Kerm, Bertrand Verheyden, Vincent Vergnat Working note { April 6, 2020 While medical staff has been serving on the front lines since early March, each research discipline aims to offer its humble contribution to the battle against the pandemic. The public health crisis and the measures implemented to make it less severe are more than likely to lead to a deep economic recession which opens up the possibility of systemic collapse of the global economy or of the European financial market. Unsurprisingly, leading economists around the world have suggested plans of actions to mitigate economic damages from Covid-19. Yet, lack of hindsight and information available for research at present makes any forecasting exercise difficult. In this note, RECOV id { a group of economists based in Luxembourg who join forces to assist the Task Force for the Coordination of the Public Research Sector in the Context of the Covid-19 Pandemic (Work Package 7 led by Aline Muller; see Section B) { aims to rough out the subject and provide knowledge on the economic issues related to the Covid-19 crisis.
[Show full text]