COVID-19 and the Macroeconomy – Supplement to Macroeconomics, 5th edition by Charles I. Jones (2/2021).
“The pandemic associated with COVID-19 is yet another “once in a lifetime” shock to the macroeconomy, following just a decade after the global financial crisis. This brief note explores the macroeconomic implications of the pandemic using the models from my textbook, Macroeconomics.
The note is divided into three main parts. First, we explore international data on COVID-19 mortality and GDP. Second, we discuss how to think about COVID19 using our various models. Finally, we examine data on GDP, employment, and inflation over time to help us evaluate what we learn from the models…”
