Busato, Francesco; Chiarini, Bruno; Cisco, Gianluigi; … - 2020
with endogenous dynamics for the pandemic. There are three main results. First, the macroeconomic effects of the epidemic … measure to 35 percent with a strong containment measure; second, recovery from recession emerges when the lockdown policy is … relaxed. On that basis, the output would return to its pre-lockdown level by the end of 2021; third, a return infection is …