' preliminary stylized facts during the COVID-19 pandemic. In particular, a temporary lockdown policy reduces the epidemic's size …The COVID-19 pandemic has produced a global health and economic crisis. The entire world has faced a trade-off between … endogenous dynamics for the pandemic, variable labor utilization, and four lockdown policies with different degrees of size and …

with endogenous dynamics for the pandemic. There are three main results. First, the macroeconomic effects of the epidemic … measure to 35 percent with a strong containment measure; second, recovery from recession emerges when the lockdown policy is … relaxed. On that basis, the output would return to its pre-lockdown level by the end of 2021; third, a return infection is …

We propose an event-study research design to identify the nature and propagation of large unusual shocks in DSGE models … and apply it to study the macroeconomic effects of the Covid shock. The initial outbreak is represented as the onset of a … new shock process where the shock loads on wedges associated with the model's usual shocks. Realizations of the Covid …

Recession. We employ a standard mediumscale dynamic stochastic general equilibrium (DSGE) model extended by nonoptimising …

) in the context of an emerging market economy. To this end, we develop a small open economy DSGE model with the Bernanke … had been severely affected by the demand shock (around 45.1%), the financial shocks (32.2%), and the productivity shock …

estimate the empirical magnitude of lockdown spillovers in a set of panel local projections. We use daily indicators of …. Lockdown shocks originating in the most important trading partners have a strong and significant adverse effect on economic … lockdown shocks. The results are robust with respect to alternative country weights used to construct foreign shocks, i …

estimate the empirical magnitude of lockdown spillovers in a set of panel local projections. We use daily indicators of …. Lockdown shocks originating in the most important trading partners have a strong and significant adverse effect on economic … lockdown shocks. The results are robust with respect to alternative country weights used to construct foreign shocks, i …

magnitude of lockdown spillovers in a set of panel local projections. We use daily indicators of economic activity such as stock … returns, effective exchange rates, NO2 emissions, mobility and maritime container trade. Lockdown shocks originating in the … stock prices and exports, the spillovers can even be larger than the effect of domestic lockdown shocks. The results are …

subsequent recovery in the US. The Great Recession was mainly caused by a large demand shock and by the ZLB on the interest rate …