Supply and demand shocks in the COVID-19 pandemic: an ...
III. Supply shocks. Supply shocks from pandemics are mostly thought of as labour supply shocks. Several pre-COVID-19 studies focused on the direct loss of labour from death and sickness (e.g. McKibbin and Sidorenko (2006), Santos et al.), although some have also noted the potentially large impact of school closure (Keogh-Brown et al., 2010). McKibbin and Fernando (2020) consider (among other ...
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