University and COVID-19: The Experience of the Academic Community of the Single-Cycle Master's Degree in Law of the University of Genoa

The article focuses on challenges and disruption in the higher education sector in Italy due to COVID-19 pandemic. The study explores the experience of the Single-Cycle Master's Degree in Law of the University of Genoa, especially taking into account students' perspective.

University and Covid-19: The experience of the academic community of the single-cycle Master’s degree in law of the University of Genoa

The article focuses on challenges and disruption in the higher education sector in Italy due to COVID-19 pandemic. The study explores the experience of the Single-Cycle Master?s Degree in Law of the University of Genoa, especially taking into account students? perspective.

The Impact of Pessimistic Expectations on the Effects of COVID-19-Induced Uncertainty in the Euro Area.

We estimate a monthly interacted-VAR model for euro area macroeconomic aggregates allowing for the impact of uncertainty shocks to depend on the state of the average outlook for the economy measured by survey data. We find that, in response to an uncertainty shock, the peak decrease in industrial production and inflation is around three and a half times larger during pessimistic times. We build an assessment of the role of uncertainty for a path of innovations consistent with the increase in the observed VSTOXX measure of uncertainty since the outset of the COVID-19 epidemics in February and March 2020. Industrial production is predicted to experience a year-over-year peak loss of around 9.2% in the fourth quarter of 2020, and subsequently to recover with a rebound to pre-crisis levels roughly in June 2021. The large impact is the result of an extreme shock to uncertainty occurring at a time of very negative expectations for the economic outlook. We conduct simulations that quantify the potential benefit of recovered confidence in reducing the uncertainty-induced losses associated with a possible third wave of the pandemic.

The Cost of Coronavirus Uncertainty: The High Returns to Clear Policy Plans

Abstract Policymakers face an extremely uncertain environment during COVID-19. Using a nonlinear VAR estimate for the Euro Area, we argue that the benefit of reducing policy uncertainty at a time dominated by pessimistic expectations amounts to several points of GDP. The impact on the economy of uncertainty shocks is much larger during periods of negative outlook for the future. We estimate the impact on industrial production of the current COVID-19 induced uncertainty to peak at a year-over-year growth loss of ?15.4 per cent in September 2020, and to lead to a fall in CPI inflation between 1 per cent and 1.5 per cent. Policies providing state-contingent scenarios ready to be adopted if the worst-case outcomes materialise can reduce the impact of uncertainty.