The DOI matches its Crossref record; 26 of the 26 references it cites were found in a registry or an index.
The Economic Effects of COVID-19 Containment Measures
Open accessAbstract
Containment measures are crucial to halt the spread of the 2019 COVID-19 pandemic but entail large short-term economic costs. This paper tries to quantify these effects using daily global data on real-time containment measures and indicators of economic activity such as Nitrogen Dioxide (NO2) emissions, flights, energy consumption, maritime trade, and mobility indices. Results suggest that containment measures have had, on average, a very large impact on economic activity—equivalent to a loss of about 15 percent in industrial production over a 30-day period following their implementation. Using novel data on fiscal and monetary policy measures used in response to the crisis, we find that these policy measures were effective in mitigating some of these economic costs. We also find that while workplace closures and stay-at-home orders are more effective in curbing infections, they are associated with the largest economic costs. Finally, while easing of containment measures has led to a pickup in economic activity, the effect has been lower (in absolute value) than that from the tightening of measures.
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Cites
Estimation and Inference of Impulse Responses by Local Projections
Jordà, Ò. (2005) · American Economic Review · doi:10.1257/0002828053828518 · Cited by 4,677
The effect of travel restrictions on the spread of the 2019 novel coronavirus (COVID-19) outbreak
Chinazzi, M., Davis, J. T., Ajelli, M., Gioannini, C., Litvinova, M., Merler, S., Pastore y Piontti, A., Mu, K., Rossi, L., Sun, K., et al. (2020) · Science · doi:10.1126/science.aba9757 · Cited by 3,694
The effect of human mobility and control measures on the COVID-19 epidemic in China
Kraemer, M. U. G., Yang, C.-H., Gutierrez, B., Wu, C.-H., Klein, B., Pigott, D. M., Open COVID-19 Data Working Group, du Plessis, L., Faria, N. R., Li, R., et al. (2020) · Science · doi:10.1126/science.abb4218 · Cited by 2,950
Measuring Economic Growth from Outer Space
Henderson, J. V., Storeygard, A., & Weil, D. N. (2012) · American Economic Review · doi:10.1257/aer.102.2.994 · Cited by 2,596
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Government Spending Multipliers in Good Times and in Bad: Evidence from US Historical Data
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The effect of large-scale anti-contagion policies on the COVID-19 pandemic
Hsiang, S., Allen, D., Annan-Phan, S., Bell, K., Bolliger, I., Chong, T., Druckenmiller, H., Huang, L. Y., Hultgren, A., Krasovich, E., et al. (2020) · Nature · doi:10.1038/s41586-020-2404-8 · Cited by 1,379
The Macroeconomics of Epidemics
Eichenbaum, M., Rebelo, S., & Trabandt, M. (2020) · National Bureau of Economic Research · doi:10.3386/w26882 · Cited by 873
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A Simple Planning Problem for COVID-19 Lockdown
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Cited by
Doran, N. M., Bădîrcea, R. M., & Manta, A. G. (2022) · Electronics · doi:10.3390/electronics11213483 · Cited by 49
Metadata
- Authors
- Deb, P., Furceri, D., Ostry, J. D., & Tawk, N.
- Venue
- Open Economies Review
- Published
- 2021-12-14
- Volume
- 33
- Issue
- 1
- Pages
- 1-32
- ISSN
- 0923-7992 (ISSN-L)
- 1573-708X
- OpenAlex
- W3124397772
- Cited by
- 339
- References
- 26
- FWCI
- 51.84
- Type
- journal article
- Language
- en
- Open access
- bronze
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Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
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