Pandemics and Macroeconomics: Insights from COVID-19

Srinivasan Murali

Chapter 14 in Flattening the Curve:COVID-19 & Grand Challenges for Global Health, Innovation, and Economy, 2023, pp 353-381 from World Scientific Publishing Co. Pte. Ltd.

Abstract: In this chapter, we talk about the macroeconomic and health impacts of the COVID-19 pandemic in India. We begin by providing evidence on the evolution of aggregate income and active infections during the first wave of the pandemic. We then discuss a macro-SIR model that provides an integrated framework for studying both the economic and health ramifications of the pandemic. Finally, we quantify the economic costs associated with two government policies implemented during this time, lockdowns and income transfers, and analyze how successful they were in slowing down the disease spread.

Keywords: COVID-19; Pandemic; Health Economics; Innovation; Economic Development; Sustainability (search for similar items in EconPapers)
JEL-codes: I15 I18 (search for similar items in EconPapers)
Date: 2023
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