COVID-19 and the Costs of Deadly Disasters

Sydney C. Ludvigson, Sai Ma and Serena Ng ()

AEA Papers and Proceedings, 2021, vol. 111, 366-70

Abstract: Using monthly data on costly natural disasters affecting the United States over the last 40 years, we estimate 2 time series models and use them to generate predictions about the impact of COVID-19. We find that while our models yield reasonable estimates of the impact on industrial production and the number of scheduled flight departures, they underestimate the unprecedented changes in the labor market.

JEL-codes: E32 E66 I12 O51 (search for similar items in EconPapers)
Date: 2021
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Citations: View citations in EconPapers (9)

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DOI: 10.1257/pandp.20211066

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