| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w26934 |
| 来源ID | Working Paper 26934 |
| Longer-run Economic Consequences of Pandemics | |
| Òscar Jordà; Sanjay R. Singh; Alan M. Taylor | |
| 发表日期 | 2020-04-06 |
| 出版年 | 2020 |
| 语种 | 英语 |
| 摘要 | What are the medium- to long-term effects of pandemics? How do they differ from other economic disasters? We study major pandemics using the rates of return on assets stretching back to the 14th century. Significant macroeconomic after-effects of pandemics persist for about decades, with real rates of return substantially depressed, in stark contrast to what happens after wars. Our findings are consistent with the neoclassical growth model: capital is destroyed in wars, but not in pandemics; pandemics instead may induce relative labor scarcity and/or a shift to greater precautionary savings. |
| 主题 | Macroeconomics ; Money and Interest Rates ; International Economics ; International Macroeconomics ; History ; Macroeconomic History ; Labor and Health History ; Other History ; COVID-19 |
| URL | https://www.nber.org/papers/w26934 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/584607 |
| 推荐引用方式 GB/T 7714 | Òscar Jordà,Sanjay R. Singh,Alan M. Taylor. Longer-run Economic Consequences of Pandemics. 2020. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w26934.pdf（459KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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