Disentangling Covid-19, economic mobility, and containment policy shocks / Annika Camehl, Malte Rieth
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Discovery
1750984180
URN
urn:nbn:de:gbv:3:2-134086
DOI
ISBN
ISSN
Autorin / Autor
Beiträger
Körperschaft
Erschienen
Halle (Saale), Germany : Halle Institute for Economic Research (IWH) - Member of the Leibniz Association, 09. März 2021
Umfang
1 Online-Ressource (III, 35, 16 Seiten, 3,29 MB) : Diagramme
Ausgabevermerk
Sprache
eng
Anmerkungen
Inhaltliche Zusammenfassung
We study the dynamic impact of Covid-19, economic mobility, and containment policy shocks. We use Bayesian panel structural vector autoregressions with daily data for 44 countries, identified through sign and zero restrictions. Incidence and mobility shocks raise cases and deaths significantly for two months. Restrictive policy shocks lower mobility immediately, cases after one week, and deaths after three weeks. Non-pharmaceutical interventions explain half of the variation in mobility, cases, and deaths worldwide. These flattened the pandemic curve, while deepening the global mobility recession. The policy tradeoff is 1 p.p. less mobility per day for 9% fewer deaths after two months.
Schriftenreihe
IWH-Diskussionspapiere ; 2021, no. 2 (March 2021) ppn:837399270