Macroeconomics Fever in Times of COVID-19 : a Dynamic Stochastic General Equilibrium Model Analysis for Ethiopia
Now a day, human lives under the sky are threatened by the outbreak of the new Corona virus disease i.e. COVID-19. Due to this outbreak, our country Ethiopia is also facing a national catastrophe that puts her in the most trouble. Therefore, the main aim of the article is to investigate the macroeconomic fevers of covid-19 in Ethiopia by utilizing a Dynamic Stochastic General Equilibrium model. Pronouncedly, the result of the study shows different social distancing measures under taken by the government are undoubtedly necessary to contain the contagion even if prolonging distancing could have severe effects on public debt. Moreover, the result of the study also prevails the containment measures which are exercise in the country will increases the economic costs, however if they are effective, it allows a faster recovery of economic activity by minimizing the total costs in terms of lives and livelihoods. Thus, this article suggests that concerned bodies should focus their attention on smart measures of distancing and early detection of the outbreak, which allow them to contain the contagion more efficiently
Year of publication: |
2020
|
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Authors: | Tsegaye, Ashebir |
Publisher: |
[S.l.] : SSRN |
Subject: | Äthiopien | Ethiopia | Coronavirus | Dynamisches Gleichgewicht | Dynamic equilibrium | Makroökonomik | Macroeconomics | Schock | Shock |
Saved in:
freely available
Extent: | 1 Online-Ressource (13 p) |
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Type of publication: | Book / Working Paper |
Language: | English |
Notes: | Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments August 13, 2020 erstellt |
Other identifiers: | 10.2139/ssrn.3673051 [DOI] |
Source: | ECONIS - Online Catalogue of the ZBW |
Persistent link: https://www.econbiz.de/10014094529
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