Supply and demand shocks in the COVID-19 pandemic: an industry and occupation perspective

Maria del Rio-Chanona, R; Mealy, Penny; Pichler, Anton; Lafond, François; Doyne Farmer, J

doi:10.1093/oxrep/graa033

Public

Supply and demand shocks in the COVID-19 pandemic: an industry and occupation perspective

Published in Oxford Review of Economic Policy • Jan 1, 2020

Authors:

R Maria del Rio-Chanona

Penny Mealy

Anton Pichler

Abstract

We provide quantitative predictions of first-order supply and demand shocks for the US economy associated with the COVID-19 pandemic at the level of individual occupations and industries. To analyse the supply shock, we classify industries as essential or non-essential and construct a Remote Labour ...

Subject

Economics

Supply and demand

Demand shock

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