Cholodilin, Konstantin Arkadʹevič; Rieth, Malte - 2020
We construct a news-based viral disease index and study the dynamic impact of epidemics on the world economy, using … structural vector autoregressions. Epidemic shocks have persistently negative effects, both directly and indirectly, on affected … countries and on world output. The shocks lead to a significant fall in global trade, employment, and consumer prices for three …