Caggiano, Giovanni; Castelnuovo, Efrem; Delrio, Silvia; … - 2020
stress). Working with a VAR framework and a set-identification strategy which focuses on - but it is not limited to … disruptions are found to double the negative output response to an uncertainty shock. We then employ our model to estimate the … overall economic cost of the COVID-19-induced uncertainty shock under different scenarios. Our results point to the …
