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Containing the Virus or Reviving the Economy? Survey from China Provides an Answer

Keyang Li, Yu Qin (), Jing Wu and Jubo Yan

Chapter 8 in Impact of COVID-19 on Asian Economies and Policy Responses, 2021, pp 51-54 from World Scientific Publishing Co. Pte. Ltd.

Abstract: During the COVID-19 public health crisis, policymakers face a tough tradeoff between containing the coronavirus using aggressive measures such as lockdown and stay home quarantine, and reviving the economy which encourages the continuation of normal economic activities. Our research team conducted an online survey tracing the same individuals over a few weeks from late February to mid-March this year, aiming to understand whether individuals’ expectations on economic prospects are more affected by the severity of the COVID-19 epidemic, or the level of ongoing economic activities. In other words, do people care more about containing the disease or sustaining normal economic activities when forming their economic expectations during an epidemic…

Keywords: COVID-19; Pandemic; Coronavirus; Lockdowns; Supply Shock; Demand Shock; Financial Distress; Global Value Chain; Global Supply Chains; Public Policy; International Trade; Debt; Post-COVID-19; Liquidity Crisis; International Trade; Policy Response; Policy Uncertainty; Public Health; Big Data; Pandemic Dilemma (search for similar items in EconPapers)
JEL-codes: F02 F4 H12 I15 I18 (search for similar items in EconPapers)
Date: 2021
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