Senior Fellows/Fellows

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Senior Fellows/Fellows, Pandemic

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May 2020

Heuristics in Policymaking: It’s Time to Figure out what Drives Policy Uncertainty

Hong ZHANG, Xiao JI, Mengyu WANG
Policymaking under the pandemic pressure could be subject to cognitive heuristics, allowing the resulting policy uncertainty to influence the market negatively.Researches in economics and finance have long recognized the importance of policy uncertainty. However, most studies take policy uncertainty...
Keywords: COVID-19, Pandemic, Policymaking
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Senior Fellows/Fellows

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Senior Fellows/Fellows, Pandemic

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May 2020

Singapore’s Policy Response to COVID-19

Danny QUAH
In this chapter, I describe Singapore’s economic policy response to the 2020 COVID-19 outbreak. Although the core interest in this discussion is economic, two companion attributes in the suite of Singapore’s policies feature prominently. The first concerns trust in political leadership; the seco...
Keywords: COVID-19, Pandemic, Policy response, Singapore
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Senior Fellows/Fellows

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Senior Fellows/Fellows, Pandemic

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May 2020

Containing the Virus or Reviving the Economy? Evidence from Individual Expectations During the COVID-19 Epidemic

Jing WU, Keyang LI, Jubo YAN, Yu QIN
How does an epidemic affect individuals’ expectations on economic prospects? Do people care more about containing the disease or sustaining normal economic activities during the epidemic? We implement an incentivized longitudinal online survey on economic expectations with randomized controlled tr...
Keywords: COVID-19, Expectation, Longitudinal Survey, RCT
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Webinar Series

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Senior Fellows/Fellows, Pandemic

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May 2020

Human Mobility Restrictions and the Spread of the Novel Coronavirus (2019-nCoV) in China

Hanming FANG, Long WANG, Yang YANG
We quantify the causal impact of human mobility restrictions, particularly the lockdown of Wuhan on January 23, 2020, on the containment and delay of the spread of the Novel Coronavirus (2019-nCoV). We employ difference-in-differences (DID) estimations to disentangle the lockdown effect on human mob...
Keywords: Human Mobility, Lockdown, Social Distancing, 2019-nCoVCOVID-19, Disease Outbreak
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Senior Fellows/Fellows

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Senior Fellows/Fellows, Pandemic

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May 2020

Mitigating COVID-19 Risks to Sustain Growth

Neng WANG, Jinqiang YANG, Harrison HONG
The debate about the economic fallout from the arrival of Covid-19 is increasingly framed as an either/or — sacrificing the economy through mitigation strategies such as social distancing or imperiling millions of lives. We argue that this framing misses the benefits of mitigation for the economy ...
Keywords: COVID-19, Pandemic, Growth
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