理解新冠肺炎经济危机:一个短期一般均衡框架

IF 0.6 Q4 ECONOMICS South Asian Journal of Macroeconomics and Public Finance Pub Date : 2022-07-01 DOI:10.1177/22779787221097787

Agnirup Sarkar

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引用次数: 0

摘要

本文建立了一个静态的总体均衡框架，分析了持续的新冠肺炎疫情对印度等地区众多、区域间移民和大型非正规经济部门不同部门产出和就业的影响。特别是，在价格和工资僵化的短期环境中，三种由疫情引发的冲击，即区域间移民的停止、供应瓶颈和需求萎缩。研究表明，一个地区或部门的供应冲击会对其他地区或部门产生约束性的需求约束。政府的货币转移增加了就业和产出。JEL分类：D5、E2

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Understanding the COVID Economic Crisis: A Short- Run General Equilibrium Framework

The article develops a static general equilibrium framework, in terms of which effects of the ongoing COVID-19 pandemic on output and employment of different sectors are analysed for a country like India where there are many regions, interregional migration and a large informal sector. In particular, three pandemic-induced shocks, namely, stoppage of interregional migration, supply bottlenecks and demand shrinkages are considered in a short-run set-up where prices and wages are rigid. It is shown that supply shocks in one region or sector generates binding demand constraints in others. Monetary transfer by the government increases employment and output. JEL Classifications: D5, E2

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来源期刊

South Asian Journal of Macroeconomics and Public Finance ECONOMICS-

CiteScore

2.10

自引率

11.10%

发文量

期刊介绍： The purpose of the Journal is to publish (in English language) peer-reviewed articles, reviews and scholarly comments on issues relating to contemporary global macroeconomics and public finance by which is understood: The Journal is for all professionals concerned with contemporary Macroeconomics and Public Finance and is a forum for all views on related subjects. The Editorial Board welcomes articles of current interest on research and application on the areas mentioned above. The Journal will be international in the sense that it seeks research papers from authors with an international reputation and articles that are of interest to an international audience. In pursuit of the above, the journal shall: a. draw on and include high quality work from the international community of scholars including those in the major countries of Asia, Europe, Asia Pacific, the United States, other parts of the Americas and elsewhere with due representation for considerations of the readership. The Journal shall include work representing the major areas of interest in contemporary research on Macroeconomics and Public Finance and on a wide range of issues covering macro- economics, tax and fiscal issues, banking and finance, international trade, labour economics, computational and mathematical methods, etc. The Journal would particularly engage papers on pure and applied economic theory and econometric methods. b. avoid bias in favour of the interests of particular schools or directions of research or particular political or narrow disciplinary objectives to the exclusion of others. c. ensure that articles are written in a terminology and style which makes them intelligible, not merely within the context of a particular discipline or abstract mode, but across the domain of relevant disciplines.