All posts by: Bence Kiss-Dobronyi

Modelling the regional impacts of macro scenarios: Just transition in the Czech Republic

In response to the increasing policy need to assess the distributional effects of transition to low-carbon economy, Cambridge Econometrics has developed a novel method to model local impacts, by disaggregating E3ME simulation results into regional (NUTS-2) estimates. This article…

Coronavirus: initial results from economic modelling

Global GDP: we currently project the COVID-19 pandemic will reduce global GDP by 5% below a no-virus baseline in 2020 and 2021

Private indebtedness: the impacts on private indebtedness suggest that the subsequent recovery will be slow: while pre-crisis growth rates are restored, the lost level of GDP is not made up (a similar profile to what followed the Great Recession)

Government action: to mitigate those impacts further, governments will need to scale up the socialisation of private debt (through direct subsidy) and not merely ensure that liquidity is provided