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Assessing the Consequences of the Pandemic for the Russian Economy Through an Input-Output Model

Alexey Ponomarenko, Svetlana Popova, Andrey Sinyakov, Natalia Turdyeva and Dmitry Chernyadyev ()
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Dmitry Chernyadyev: Bank of Russia

Russian Journal of Money and Finance, 2020, vol. 79, issue 4, 3–17

Abstract: This paper evaluates the impact of anti-coronavirus measures on the dynamics of economic activity. In addition to primary shocks directly caused by restrictive measures, we assess their secondary effects through inter-industry relationships. Our assessments show that secondary effects impact more industries than primary effects do. The overall impact of secondary effects on the economy proves to be of a larger scale than the impact of primary effects with high heterogeneity of dynamics by industry.

Keywords: COVID-19; input-output model; payment system; GDP (search for similar items in EconPapers)
JEL-codes: C53 C67 I1 (search for similar items in EconPapers)
Date: 2020
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DOI: 10.31477/rjmf.202004.03

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