The Economic Cost of COVID Lockdowns: An Out-of-Equilibrium Analysis.
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"The Economic Cost of COVID Lockdown..." refers background in this paper
...Barro and Grossman’s (1971) pioneering paper on general disequilibrium sparked a whole literature on understanding the dynamic properties of adjustments within a network economy. Some of these contributions are worth mentioning in the light of their significance in analyzing COVID dynamics. Benassy (1975) developed a model with decentralized trades in a money using economy with arbitrary many markets....
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...Barro and Grossman’s (1971) pioneering paper on general disequilibrium sparked a whole literature on understanding the dynamic properties of adjustments within a network economy....
[...]
...Barro and Grossman’s (1971) pioneering paper on general disequilibrium sparked a whole literature on understanding the dynamic properties of adjustments within a network economy. Some of these contributions are worth mentioning in the light of their significance in analyzing COVID dynamics. Benassy (1975) developed a model with decentralized trades in a money using economy with arbitrary many markets. He intended to develop something comparable to the Arrow-Debreu system in its generality. Green and Laffont (1980) developed a model of disequilibrium inventory dynamics with a single storable output, money, and labor. Other important contributions include those by Rosen and Nadiri (1974), Sharp and Perkins (1977), and Muellbauer and Portes (1978). Economics of Disasters and Climate Change (2020) 4:431–451 434...
[...]
...Barro and Grossman’s (1971) pioneering paper on general disequilibrium sparked a whole literature on understanding the dynamic properties of adjustments within a network economy. Some of these contributions are worth mentioning in the light of their significance in analyzing COVID dynamics. Benassy (1975) developed a model with decentralized trades in a money using economy with arbitrary many markets. He intended to develop something comparable to the Arrow-Debreu system in its generality. Green and Laffont (1980) developed a model of disequilibrium inventory dynamics with a single storable output, money, and labor. Other important contributions include those by Rosen and Nadiri (1974), Sharp and Perkins (1977), and Muellbauer and Portes (1978)....
[...]
...Barro and Grossman’s (1971) pioneering paper on general disequilibrium sparked a whole literature on understanding the dynamic properties of adjustments within a network economy. Some of these contributions are worth mentioning in the light of their significance in analyzing COVID dynamics. Benassy (1975) developed a model with decentralized trades in a money using economy with arbitrary many markets. He intended to develop something comparable to the Arrow-Debreu system in its generality. Green and Laffont (1980) developed a model of disequilibrium inventory dynamics with a single storable output, money, and labor....
[...]
927 citations
"The Economic Cost of COVID Lockdown..." refers background in this paper
...Baker et al. (2020), among others, have argued that the sizeably greater response of stock markets to COVID-19 may have something to do with the greater interlinkage of the global economy coupled with the supply-chain disruption caused by the lockdowns....
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910 citations