Macroeconomic consequences of the COVID-19 pandemic.
Econ Model
; 120: 106147, 2023 Mar.
Article
in English
| MEDLINE | ID: covidwho-2165237
ABSTRACT
We estimate the economic impacts of COVID-19 in the U.S. using a disaster economic consequence analysis framework implemented by a dynamic computable general equilibrium (CGE) model. This facilitates identification of relative influences of several causal factors as "shocks" to the model, including mandatory business closures, disease spread trajectories, behavioral responses, resilience, pent-up demand, and government stimulus packages. The analysis is grounded in primary data on avoidance behavior and healthcare parameters. The decomposition of the influence of various causal factors will help policymakers offset the negative influences and reinforce the positive ones during the remainder of this pandemic and future ones.
Full text:
Available
Collection:
International databases
Database:
MEDLINE
Type of study:
Prognostic study
Language:
English
Journal:
Econ Model
Year:
2023
Document Type:
Article
Affiliation country:
J.econmod.2022.106147
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