The Macroeconomic Transmission of a Pandemic Shock

Speaker(s) Type Length Chair
Veronica Guerrieri Keynote Address
Giancarlo Corsetti

In her lecture, Veronica Guerrieri discusses the macroeconomic effects of a pandemic. She argues that its asymmetric nature makes it crucial to use a multiple sectors model to study the transmission of the shock from sectors that require high levels of personal interactions to the rest of the economy. With this perspectives, she discusses alternative policy responses and argues that targeted transfers are particularly desirable.