The Political Scar of Epidemics

All authors contributed equally to this manuscript and the order of author names is randomized via AEA Randomization Tool (code: 5OQ1MZC1Jbmd). Eichengreen is a Professor of Economics and Political Science at the University of California, Berkeley, Research Associate at the National Bureau of Economic Research and Research Fellow at the Centre for Economic Policy Research. Saka is an Assistant Professor at the University of Sussex, Visiting Fellow at the London School of Economics, Research Associate at the Systemic Risk Centre and Research Affiliate at CESifo. Aksoy is a Principal Economist at the European Bank for Reconstruction and Development (EBRD), Assistant Professor of Economics at King’s College London and Research Associate at IZA Institute of Labour Economics. We thank Nicolás Ajzenman, Chris Anderson, Belinda Archibong, Sascha Becker, Damien Bol, Ralph De Haas, Anna Getmansky, Luigi Guiso, Beata Javorcik, André Sapir, Konstantin Sonin, Dan Treisman, and webinar participants at the Bank of Finland, CESifo Workshop on Political Economy, City, University of London, Comparative Economics Webinar series, EBRD, EUI Political Behaviour Colloquium, LSE and University of Sussex for helpful comments. We are also grateful to Kimiya Akhyani for providing very useful research assistance. Views presented are those of the authors and not necessarily those of the EBRD. All interpretations, errors, and omissions are our own. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.

• June 17, 2020
• October 15, 2020
• April 12, 2021