This paper updates the analysis of the global macroeconomic consequences of the COVID-19 pandemic in an earlier paper, with data as of late October 2020. It also extends the focus to Asian economies, and explores four alternative policy interventions coordinated across all economies.

This paper examine the welfare implications of removing stamp duty in a general equilibrium overlapping generation model with heterogeneous agents.

In this paper, the authors build a general equilibrium overlapping generations model with heterogeneous agents to study the welfare implications of housing investment tax concessions in the Australian housing market.

How damaging are uncertainty shocks during extreme events such as the great recession and the COVID-19 outbreak? Can monetary policy limit output losses in such situations? This paper outlines economic modelling for policymakers.

The scenarios in this paper demonstrate that even a contained outbreak (which is optimistic), will significantly impact the global economy in the coming years. The economic consequences of the COVID-19 pandemic under plausible scenarios are substantial and the ongoing economic adjustment is far from over.