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Contribution Details
| Type | Working Paper |
| Scope | Discipline-based scholarship |
| Title | "Long GFC"? The Global Financial Crisis, Health Care, and Covid-19 Deaths |
| Organization Unit | |
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| Institution | University of Zurich |
| Series Name | Swiss Finance Institute Research Paper |
| Number | 22-44 |
| Date | 2022 |
| Abstract Text | Do financial crises affect long-term public health? To answer this question, we study the connection between the 2007-2009 Global Financial Crisis (GFC) and the 2020-2022 pandemic. Specifically, we examine the relation between macroeconomic and financial losses derived from the GFC, and the health outcomes associated with the first wave of the pandemic. At the European level, countries more affected by the financial crisis had more deaths relative to coronavirus cases. An analogous relation emerges across Spanish provinces and US states. Part of the transmission from finance to health outcomes appears to have occurred through cross-sectional differences in health care facilities. |
| Free access at | DOI |
| Digital Object Identifier | 10.2139/ssrn.4119672 |
| Other Identification Number | merlin-id:20861 |
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| Additional Information | forthcoming in "Economic Inquiry" |