The Global Macroeconomic Impacts of COVID-19: Seven Scenarios

  title={The Global Macroeconomic Impacts of COVID-19: Seven Scenarios},
  author={Warwick Mckibbin and Roshen Fernando},
  journal={Insurance & Financing in Health Economics eJournal},
  • Warwick Mckibbin, Roshen Fernando
  • Published 2020
  • Economics
  • Insurance & Financing in Health Economics eJournal
  • The outbreak of coronavirus named COVID-19 has disrupted the Chinese economy and is spreading globally. The evolution of the disease and its economic impact is highly uncertain which makes it difficult for policymakers to formulate an appropriate macroeconomic policy response. In order to better understand possible economic outcomes, this paper explores seven different scenarios of how COVID-19 might evolve in the coming year using a modelling technique developed by Lee and McKibbin (2003) and… CONTINUE READING
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