Initial research on the world-wide mandatory closures due to COVID-19 shows significant economic loses in U.S. unemployment. This new research is the first of a series of papers to look at the economic costs of the pandemic and projected recovery.
Walmsley, Terrie and Rose, Adam and Wei, Dan, Impacts on the U.S. Macroeconomy of Mandatory Business Closures in Response to the COVID-19 Pandemic (April 6, 2020). Available at SSRN: https://ssrn.com/abstract=3570117
A new version of the ImpactECON Supply Chain Database has now been released to the public, along with updates to the MyGTAP and the labor data. The new databases and programs are consistent with the new GTAP 10a Data Base.
For more information please visit the ImpactECON product page.