Corpus ID: 212626273

DIRECTORATE-GENERAL FOR ECONOMIC AND FINANCIAL AFFAIRS

@inproceedings{JonungDIRECTORATEGENERALFE,
  title={DIRECTORATE-GENERAL FOR ECONOMIC AND FINANCIAL AFFAIRS},
  author={L. Jonung}
}
This report estimates possible macroeconomic effects of a pandemic taking place in the EU in 2006, using a quarterly macroeconomic model. The macroeconomic costs of a pandemic, that is the cost in terms of production lost due to illness and death measured as reductions in GDP growth and/or declines in the level of GDP, are quantified in various pandemic scenarios. We focus on two sectors of the European economy that are expected to be particularly severely hit, tourism and trade. The results… Expand

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