In the News

How has COVID-19 Impacted our Economy?

ImpactECON dynamic supply chain model was used to examine impact of COVID on the US economy. The research involved examining various aspects of the pandemic including business closures, avoidance behavior, health care, fiscal stimulus and pent-up demand. An interview with News Medical can be seen online.

Modelling NTMs

A paper outlining a new method for modelling NTMs has just been published in the Journal of Global Economic Analysis. The paper is authored by Terrie Walmsley and Anna Strutt and is now available online.


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, 2021. “The Impacts of the Coronavirus on the Economy of the United States”, Economics of Disasters and Climate Change 5, 1-52 (available at:

Walmsley, Terrie and Rose, Adam and Wei, Dan, 2020. “Impacts on the U.S. Macroeconomy of Mandatory Business Closures in Response to the COVID-19 Pandemic”, Applied Economics Letters (

2020 ASSA Meeting presentation

Dr Walmsley presented a paper on the impact of trade liberalization on income inequality in Pakistan at the 2020 ASSA Meetings in San Diego. The paper was part of a session hosted by the American Committee on Asian Economic Studies and chaired by Calla Wiemer. Continue reading

Impact of US Sections 232 and 301 Trade Actions

ImpactECON releases report on the impact of US trade actions under Sections 232 and 301. The report shows a decline in real GDP of 1.25 percent by 2030, with the greatest losses occurring in production of oil seeds (soybeans), meats (pork and beef), coarse grains (corn, oats, sorghum), transport equipment (other than automobiles); chemicals, rubber, plastics, and pharmaceuticals; textiles; and non-ferrous metals (aluminum).

The full report is available as Working Paper 8.