Asian Economic Papers Volume 0001: January

Journal Article

Impacts of Lockdown Policies on International Trade

Hayakawa, Kazunobu; Mukunoki, Hiroshi

1 Asian Economic Papers

The aim of this study is to quantify how lockdown policies implemented in response to the COVID-19 pandemic affected international trade in the first half of 2020. We examine monthly world trade data between January and June in both 2019 and 2020. Our findings can be summarized as follows....

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Journal Article

Financial Spillover in Emerging Asia: A Tale of Three Crises

Azis, Iwan J.; Virananda, I G Sthitaprajna; Estiko, Fauzi I

1 Asian Economic Papers

doi:10.1162/asep_a_00806

By measuring time-varying financial spillovers of five asset classes, we analyze the propagation of shocks originating in the United States and Japan into countries of Emerging Asia (EA). We compare the scale and nature of spillovers during the 2008-09 global financial crisis (GFC), the 2013...

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Journal Article

Rethinking “Economic Fundamentals” in an Era of Global Physical Shocks: Insights from the Philippine Experience with COVID-19

Monsod, Toby Melissa C.; Gochoco-Bautista, Maria Socorro

1 Asian Economic Papers

doi:10.1162/asep_a_00802

Having “strong macroeconomic fundamentals”, as the Philippines supposedly did pre-COVID-19, matters much less (if at all), in and of itself, to economic outcomes in the context of a physical shock. Using a model for 21 countries in ASEAN + 3, developing East Asia and South Asia as well as...

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Journal Article

The Global Macroeconomic Impacts of COVID-19: Seven Scenarios

McKibbin, Warwick; Fernando, Roshen

1 Asian Economic Papers

doi:10.1162/asep_a_00796

COVID-19 has disrupted the Chinese economy and is spreading globally. The evolution of the disease and its economic impacts are highly uncertain making formulation of appropriate macroeconomic policy responses challenging. This paper explores seven plausible scenarios of COVID-19 and the...

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Journal Article

COVID-19 in Korea: Success Based on Past Failure

Lim, Byungho; Hong, Emma Kyoungseo; Mou, Jinjin; Cheong, Inkyo

1 Asian Economic Papers

doi:10.1162/asep_a_00803

This paper analyzes how the Republic of Korea (Korea) halted the massive transmission of COVID-19 in just two months. The quarantine was achieved successfully without any need for a national lockdown because, simply, Korean citizens actively followed quarantine guidelines. During the 2015 Middle...

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Journal Article

Teleworker performance in the COVID-19 era in Japan

Okubo, Toshihiro; Inoue, Atsushi; Sekijima, Kozue

1 Asian Economic Papers

doi:10.1162/asep_a_00807

This paper investigates teleworkers' efficiency in Japan in the COVID-19 era by using unique survey data on telework. Many Japanese workers started teleworking during the pandemic and found both benefits as well as impediments. Overall, we find that telework experience and the work environment...

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Journal Article

COVID-19 in Taiwan: Economic Impacts and Lessons Learned

Kuo, Chun-Chien

1 Asian Economic Papers

doi:10.1162/asep_a_00805

This paper illustrates Taiwan's experience in controlling the virus and curbing the impact of COVID-19 on its economy. All the following factors contributed to Taiwan's early success in fighting COVID-19: the early establishment of a command center, the “precision-prevention” model of strategies...

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Asian Economic Papers Volume 0001: January

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Asian Economic Papers Volume 0001: January

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