Using an asset pricing model of a multi-sector production economy with pandemic disasters, we explain the average stock … price boom and significant cross-sectional variation of stock returns in the US and Japan during the COVID-19 pandemic … recession. Two features of the pandemic, ambiguity and sector-specific shocks, are crucial determinants of the unusual asset …

the spread of the virus and lockdown on the stock indices' prices.Findings: Both Welch's t-test and Mann-Whitney U …-test indicated a significant (1% significance level) negative impact of the Covid-19 pandemic on the Indian stock market. Multiple … (at 1% level of significance) fall in the prices due to an increase in the lockdown days.Originality/value: These outcomes …

We examine the impact of pandemics on equilibrium in an integrated epidemic-economy model with production. Two types of … market and real wage as the epidemic propagates. It shows the qualitative effects of a shelter-in-place policy in the model …