The Economic Consequences of Pandemics

Mehmood, Shahid (2021): The Economic Consequences of Pandemics.

Abstract

The recorded history of human civilisation is replete with instances of recessions that have brought financial despair upon the people. Pandemic induced recessions are different because the adverse shock to the workings of the economy is purely biological rather than economic or financial. But they are no less destructive in their tendency to deflate economies and put all economic activity in peril. A study of the past episodes offers us a window into the lessons learned that could be valuable in managing today’s as well as future challenges caused by adverse shocks to the system

• Item Type: MPRA Paper
• Language: English
• Keywords: Pandemic, Economic Effects of Pandemics, Economy, Recessions, COVID-19
• Subjects: E - Macroeconomics and Monetary Economics > E6 - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook; E - Macroeconomics and Monetary Economics > E6 - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook > E60 - General; N - Economic History > N0 - General

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