Page 2Relaxations and increasing corona cases
Page 3Economic policy implications
Page 4Endnotes All on one page
1 Bendavid, E.; Oh, C.; Bhattacharya, J.; Ioannidis, J. P. A.: Assessing Mandatory Stay-at-Home and Business Closure Effects on the Spread of COVID-19, in: European Journal of Clinical Investigation, 2021.
2 Holtemöller, O.; Muradoglu, Y. G.: Corona Shutdown and Bankruptcy Risk. IWH Online 3/2020. Halle (Saale) 2020.
3 In addition to the economic costs of containment measures, other effects, such as on mental health, children's developmental opportunities, or educational inequality, play an important role in the overall societal assessment.
4 Holtemöller, Oliver: Integrated Assessment of Epidemic and Economic Dynamics. IWH Discussion Paper 4/2020. Halle (Saale) 2020.
5 Camehl, A.; Rieth, M.: Disentangeling Covid-19, Economic Mobility, and Containment Policy Shocks. IWH Discussion Paper 2/2021. Halle (Saale), 2021.
6 A short non-technical description of the model can be found in the appendix.
7 Arias, J. E.; Rubio-Ramírez, J. F.; Waggoner, D. F.: Inference Based on Structural Vector Autoregressions Identified with Sign and Zero Restrictions: Theory and Applications, in: Econometrica, 86, 2018, 685-720.