Production networks and epidemic spreading: How to restart the UK economy?

@article{Pichler2020ProductionNA,
  title={Production networks and epidemic spreading: How to restart the UK economy?},
  author={A. Pichler and Marco Pangallo and R. M. D. R{\'i}o-Chanona and Franccois Lafond and J. D. Farmer},
  journal={arXiv: General Economics},
  year={2020}
}
  • A. Pichler, Marco Pangallo, +2 authors J. D. Farmer
  • Published 2020
  • Economics, Physics
  • arXiv: General Economics
  • We analyse the economics and epidemiology of different scenarios for a phased restart of the UK economy. Our economic model is designed to address the unique features of the COVID-19 pandemic. Social distancing measures affect both supply and demand, and input-output constraints play a key role in restricting economic output. Standard models for production functions are not adequate to model the short-term effects of lockdown. A survey of industry analysts conducted by IHS Markit allows us to… CONTINUE READING
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