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Business and Economics > Production and Operations Management

You are looking at 1 - 5 of 5 items for :

  • Type: Journal Issue x
  • Analysis of Health Care Markets x
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Cover IMF Working Papers
Assessing the Impact of Business Closures on COVID-19 Outcomes
Xuequan Elsie Peng
and
Chima Simpson-Bell
In this paper, we present a framework for assessing the effectiveness of different business closure policies, using New York City as a case study. Business closure policies have been widely implemented in an attempt to slow down the pandemic, but it is difficult to measure the contribution of closures of specific industries to virus transmission. Our framework allows us to estimate the impact of specific industry closures on the spread of COVID-19 via their effects on aggregate mobility. We find that early reopening led to a prolonged pandemic and a large case surge in the second wave during 2020, though the reopening allowed the city to regain its economic function as a consumption hub. An alternative policy that extends the lockdown is found to be more cost-effective as it makes future traveling safer and prevents the economy from relapsing into a more stringent policy regime.
Keywords:
business closure policy; industry contribution; Policy impact summary; industry closure; Policy timeline; IMF working papers; data construction; COVID-19; Consumption; Capacity utilization; North America; closure policy; destination industry; lockdown policy; cases data; Health care
Cover IMF Staff Country Reports
Czech Republic: Selected Issues Paper
International Monetary Fund
This 2010 Article IV Consultation discusses Czech Republic’s economic condition. The Czech economy’s fundamentals were strong prior to the global economic and financial crisis. However, owing to its highly open nature, the economy was hit by spillover effects. A downturn in the euro area depressed exports while investment declined owing to a drop in FDI and the tightening of banks’ lending standards. Monetary and fiscal easing provided helpful stimulus, thereby cushioning the economic downturn.
Keywords:
ISCR; CR; output gap; Mv method; FDI inflow; FDI; Mv approach; TFP time series; output growth; smoothing technique; output series; Potential output; Pensions; Pension spending; Health care spending; Production growth; Global; Central and Eastern Europe; Europe
Cover IMF Staff Country Reports
Switzerland: Selected Issues
International Monetary Fund
This Selected Issues paper attempts to quantify the impact of the demographic shift on growth and public finances in Switzerland. It examines the intertemporal consistency between current policy plans and unfunded liabilities, focusing primarily on social security, and explores policy options. It finds that so far, the impact of aging on the economy has been moderate. The number of pensioners has risen in recent years, but this is mainly owing to early retirees taking advantage of the generous disability and pension systems. The paper also examines the need for health care reforms in Switzerland.
Keywords:
ISCR; CR; Switzerland; asset; cost; government; government majority; asset type; assets of bank; government regulation; high quality asset; Aging; Health care; Health care spending; Insurance companies; Global; Europe
Cover IMF Survey
IMF Survey, Volume 32, Issue 12
International Monetary Fund. External Relations Dept.
IMF Deputy Managing Director Eduardo Aninat leaves the IMF on July 1 to return to Chile, where he was Finance Minister from 1994–1999. Aninat joined the IMF’s four-member management team in December 1999, with broad responsibilities in running the IMF—including overseeing the launching of a major technical assistance initiative in Africa. He talks with Laura Wallace about the late May opening of the West Africa Regional Technical Assistance Center (West AFRITAC) in Mali (see article below), seven months after the opening of a similar center in East Africa.
Keywords:
SV; IMF Concludes; IMF S; job; SDR; IMF executive board review; IMF publication service; IMF survey; visit to Uruguay; Health care; Oil; gas and mining taxes; Health care spending; Oil sector; Labor productivity; Africa; Sub-Saharan Africa; North America; Global
Cover IMF Staff Country Reports
Canada: Staff Report for the 2003 Article IV Consultation
International Monetary Fund
This 2003 Article IV Consultation highlights that Canada’s strong policy framework has brought impressive economic results, and the Canadian economy has proven exceptionally resilient in the face of the recent global downturn. Economic activity slowed relatively modestly in 2001, with only one quarter of output decline recorded, and growth recovered strongly thereafter, averaging 4 percent over the subsequent four quarters. Household consumption and residential investment have remained robust. Household and business demand was supported by sustained productivity growth, rapid growth of employment and labor incomes, and gains in real estate prices.
Keywords:
ISCR; CR; headline CPI inflation; inflation expectation; report update; core inflation; hike; Ontario government; composite index; Health care; Inflation; Budget planning and preparation; Productivity; Global; North America