Teaching the Economic Impact of COVID-19 ...
Type de document :
Article dans une revue scientifique
URL permanente :
Titre :
Teaching the Economic Impact of COVID-19 with a Simple Short-run Macro-model: Simultaneous Supply and Demand Shocks
Auteur(s) :
Charles, Sebastien [Auteur]
Dallery, Thomas [Auteur]
Centre Lillois d'Études et de Recherches Sociologiques et Économiques (CLERSE) - UMR 8019
Marie, Jonathan [Auteur]
Dallery, Thomas [Auteur]
Centre Lillois d'Études et de Recherches Sociologiques et Économiques (CLERSE) - UMR 8019
Marie, Jonathan [Auteur]
Titre de la revue :
Review of Political Economy
Nom court de la revue :
Review of Political Economy
Numéro :
33
Pagination :
462-479
Éditeur :
Informa UK Limited
Date de publication :
2021-04-14
Résumé en anglais : [en]
This short note has one main ambition. It seeks to provide students with a very simple macroeconomic framework to deal with the short-term economic impact of the COVID-19 pandemic. The explanation for the unprecedented ...
Lire la suite >This short note has one main ambition. It seeks to provide students with a very simple macroeconomic framework to deal with the short-term economic impact of the COVID-19 pandemic. The explanation for the unprecedented magnitude of the recession over a short span of time is to be found in the peculiar form of the shock due to the various lockdowns. Indeed, the 2020 crisis is specific in that it involved two recessive shocks simultaneously: a demand shock superimposed on a supply shock. This model is original in that although it is driven by demand it is capable of dealing with supply issues without entailing any additional technical difficulties.Lire moins >
Lire la suite >This short note has one main ambition. It seeks to provide students with a very simple macroeconomic framework to deal with the short-term economic impact of the COVID-19 pandemic. The explanation for the unprecedented magnitude of the recession over a short span of time is to be found in the peculiar form of the shock due to the various lockdowns. Indeed, the 2020 crisis is specific in that it involved two recessive shocks simultaneously: a demand shock superimposed on a supply shock. This model is original in that although it is driven by demand it is capable of dealing with supply issues without entailing any additional technical difficulties.Lire moins >
Langue :
Français
Audience :
Non spécifiée
Établissement(s) :
Université de Lille
CNRS
Univ. Littoral Côte d’Opale
CNRS
Univ. Littoral Côte d’Opale
Collections :
Date de dépôt :
2023-07-07T09:53:19Z