The coronavirus pandemic triggered strong political action across Europe. Mandatory restrictions to increase social … lockdown policy on the excess death rate was at best limited, while the economic costs were significant. The Swedish policy of … those countries that pursued more stringent lockdown policies. While we make no claims of presenting a comprehensive study …

lockdown and transfer payments in times of a pandemic. In our model, the effectiveness of a lockdown in mitigating the pandemic … depends on endogenous compliance. A more stringent lockdown deepens the recession which implies that poorer parts of society … find it harder to subsist. This reduces their compliance with the lockdown, and may cause deprivation of the very poor …

because of limited pass-through of temporary measures to consumer prices and in presence of lockdown measures. Advocates … between sectors directly and indirectly affected by the lockdown. This allows us to trace economic spillovers of lockdown … techniques to solve the model in the presence of a ZLB, forced savings and a lockdown constraint. We find a VAT short …

ineffective in the presence of lockdown measures in place and because of limited pass-through of temporary measures into consumer … model distinguishes between sectors directly and indirectly affected by the lockdown. This allows us to trace economic … spillovers of lockdown measures to the rest of the economy and the differentiated impact of VAT measures on the two sectors. We …

the economy. In India, we find that the pandemic and ensuing lockdown policy led to various supply chain disruptions and …