This virtual special issue includes research on the effects of crises, in particular COVID-19 pandemic, entrepreneurship, and entrepreneurial responses to deal with consequences crises. highlights how crises affect entrepreneurs’ well-being reinforce importance agency entrepreneurs other citizens. The also need for resilience; ability entrepreneurs, organizations, economies absorb adapt shocks;...

Integrated assessment models (IAMs) typically ignore the impact of climate change on economic growth. These models assume that the shocks caused by climate change impacts dissipate and have no persistence at all, affecting only the period when they occur. Persistence of shocks is a stylized fact of most macroeconomic time series and it provides a mechanism that could justify much larger losses ...

Using data from 587 marginalized cooperative member households in rural Mexico, this paper examines how household formal financial savings fluctuates with economic shocks and other relevant variables. Regression results show that negative shocks, income, wealth, formal credit, distance from a bank branch, percent of non-working members in a household, and education have a significant influence ...

This paper shows that large economic downturns may result from the propagation of microeconomic shocks over the input-output linkages across different firms or sectors within the economy. Building on the framework of Acemoglu et al. (2012), we argue that the economy’s input-output structure can fundamentally reshape the distribution of aggregate output, increasing the likelihood of large downtu...

The importance of disturbances in financial markets for real economic activity and the positive association between price level and output movements typically are explained by appeal to a combination of nominal aggregate demand shocks (particularly money-supply shocks) and rigid prices. We argue that this view is inconsistent with evidence for short-run responsiveness of prices and gold flows t...

Argentine economic development from 1864 to 1983 can be roughly devided into a period of economic progress (1864 1930) and into one of economic decline (1930 1983). Of the many issues that could potentially explain such an unprecedented development of a basically resource-rich country, this paper deals with distributional conflicts, inflation, exogenous shocks and political instability. The ana...

Economic literature has established the importance of risk attitudes in economic decision making. The study examines determinants of risk aversion in children. It also explores the potential of the government to mitigate the effect of shocks, by looking at the effectiveness of the world’s largest public works program – National Rural Employment Guarantee Scheme (NREGS). First, it builds a gener...

0094-1190/$ see front matter 2009 Elsevier Inc. A doi:10.1016/j.jue.2009.08.006 q This paper was prepared for the NBER’s ‘‘Cities an ence, May 1-2, 2009. We thank Davin Reed and, especi outstanding research assistance, and Dan Black, Mark Will Strange for helpful comments. Our work with National Establishment Time Series was made possible Coulter Family Foundation to the Public Policy Inst expr...