endogenous dynamics for the pandemic, variable labor utilization, and four lockdown policies with different degrees of size and …' preliminary stylized facts during the COVID-19 pandemic. In particular, a temporary lockdown policy reduces the epidemic's size … containment measure to 25% with a strong containment measure; second, recovery from recession emerges when the lockdown policy is …

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 …