Chen, Hongyi; Tillmann, Peter - 2022 - This version: April 08, 2022
magnitude of lockdown spillovers in a set of panel local projections. We use daily indicators of economic activity such as stock … stock prices and exports, the spillovers can even be larger than the effect of domestic lockdown shocks. The results are … investment or the connectedness through value chains. We find that lockdown spillovers have been par-ticularly strong during the …