Recent Work
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Macroeconomic Consequences of the COVID-19 Pandemic
We estimate the economic impacts of COVID-19 in the U.S. using a disaster economic consequence analysis framework implemented by a dynamic computable general equilibrium (CGE) model.
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Spatial Transmission of the Economic Impacts of COVID-19 Through International Trade
While most of the attention to COVID-19 is being focused on the physical transmission of the virus across country borders, there is also an analogous spatial transmission of economic impacts through international trade and global supply chains. This paper presents an analysis of the extent to which the economic shocks of mandatory closures to mitigate […]
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Impacts on the U.S. Macroeconomy of Mandatory Business Closures in Response to the COVID-19 Pandemic
A mandatory business closure over three months results in a 20.3% decline of U.S. GDP on an annual basis, or $4.3 trillion, and an employment decline of 22.4%, representing 35.3 million workers.
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