Disentangling Covid-19, economic mobility, and containment policy shocks / Annika Camehl, Malte Rieth
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Disentangling Covid-19, economic mobility, and containment policy shocks
Discovery
1750984180
URN
urn:nbn:de:gbv:3:2-134086
DOI
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Publication history
Halle (Saale), Germany : Halle Institute for Economic Research (IWH) - Member of the Leibniz Association, 09. März 2021
Content
1 Online-Ressource (III, 35, 16 Seiten, 3,29 MB) : Diagramme
Edition
Language
eng
Comment
Abstract
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.
Series
IWH-Diskussionspapiere ; 2021, no. 2 (March 2021) ppn:837399270