G2TT
来源类型Discussion paper
规范类型论文
来源IDDP15393
DP15393 Macroeconomic Outcomes and COVID-19: A Progress Report
Jesus Fernandez-Villaverde; Chad Jones
发表日期2020-10-21
出版年2020
语种英语
摘要This paper combines data on GDP, unemployment, and Google's COVID-19 Community Mobility Reports with data on deaths from COVID-19 to study the macroeconomic outcomes of the pandemic. We present results from an international perspective using data at the country level as well as results for individual U.S. states and key cities throughout the world. The data from these different levels of geographic aggregation offer a remarkably similar view of the pandemic despite the substantial heterogeneity in outcomes. Countries like Korea, Japan, Germany, and Norway and cities such as Tokyo and Seoul have comparatively few deaths and low macroeconomic losses. At the other extreme, New York City, Lombardy, the United Kingdom, and Madrid have many deaths and large macroeconomic losses. There are fewer locations that seem to succeed on one dimension but suffer on the other, but these include California and Sweden. The variety of cases potentially offers useful policy lessons regarding how to use non-pharmaceutical interventions to support good economic and health outcomes.
主题Monetary Economics and Fluctuations
关键词Macroeconomic outcomes Covid-19 Mortality Mobility reports
URLhttps://cepr.org/publications/dp15393
来源智库Centre for Economic Policy Research (United Kingdom)
资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/544379
推荐引用方式
GB/T 7714
Jesus Fernandez-Villaverde,Chad Jones. DP15393 Macroeconomic Outcomes and COVID-19: A Progress Report. 2020.
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