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The Economic Consequences of Pandemics

Author

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  • Mehmood, Shahid

Abstract

The recorded history of human civilisation is replete with instances of recessions that have brought financial despair upon the people. Pandemic induced recessions are different because the adverse shock to the workings of the economy is purely biological rather than economic or financial. But they are no less destructive in their tendency to deflate economies and put all economic activity in peril. A study of the past episodes offers us a window into the lessons learned that could be valuable in managing today’s as well as future challenges caused by adverse shocks to the system

Suggested Citation

  • Mehmood, Shahid, 2021. "The Economic Consequences of Pandemics," MPRA Paper 113415, University Library of Munich, Germany.
  • Handle: RePEc:pra:mprapa:113415
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    File URL: https://mpra.ub.uni-muenchen.de/113415/1/MPRA_paper_113415.pdf
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    References listed on IDEAS

    as
    1. Horn, Sebastian & Reinhart, Carmen M. & Trebesch, Christoph, 2020. "Coping with Disasters: Two Centuries of International Official Lending," Working Papers 18, German Research Foundation's Priority Programme 1859 "Experience and Expectation. Historical Foundations of Economic Behaviour", Humboldt University Berlin.
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    3. Fan, Victoria Y & Jamison, Dean T & Summers, Lawrence H, 2018. "Pandemic risk: how large are the expected losses?," Scholarly Articles 35014363, Harvard Kennedy School of Government.
    4. Peter Temin, 2012. "The Roman Market Economy," Economics Books, Princeton University Press, edition 1, volume 1, number 9896.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Pandemic; Economic Effects of Pandemics; Economy; Recessions; COVID-19;
    All these keywords.

    JEL classification:

    • E6 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook
    • E60 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - General
    • N0 - Economic History - - General

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