COVID-19 and Emerging Markets : An Epidemiological Model with International Production Networks and Capital Flows /

We quantify the macroeconomic effects of COVID-19 for a small open economy by calibrating a SIR-multi-sector-macro model. We measure sectoral supply shocks utilizing teleworking and physical job proximity, and demand shocks with credit card purchases. Both shocks are also affected from changing infe...

Full description

Bibliographic Details
Main Author: Cakmakli, Cem
Other Authors: Demiralp, Selva, Kalemli-Ozcan, Sebnem, Yesiltas, Sevcan
Format: Journal
Language:English
Published: Washington, D.C. : International Monetary Fund, 2020.
Series:IMF Working Papers; Working Paper ; No. 2020/133
Online Access:Full text available on IMF
LEADER 01834cas a2200277 a 4500
001 AALejournalIMF021090
008 230101c9999 xx r poo 0 0eng d
020 |c 5.00 USD 
020 |z 9781513550183 
022 |a 1018-5941 
040 |a BD-DhAAL  |c BD-DhAAL 
100 1 |a Cakmakli, Cem. 
245 1 0 |a COVID-19 and Emerging Markets :   |b An Epidemiological Model with International Production Networks and Capital Flows /  |c Cem Cakmakli, Selva Demiralp, Sebnem Kalemli-Ozcan, Sevcan Yesiltas. 
264 1 |a Washington, D.C. :  |b International Monetary Fund,  |c 2020. 
300 |a 1 online resource (74 pages) 
490 1 |a IMF Working Papers 
500 |a <strong>Off-Campus Access:</strong> No User ID or Password Required 
500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
506 |a Electronic access restricted to authorized BRAC University faculty, staff and students 
520 3 |a We quantify the macroeconomic effects of COVID-19 for a small open economy by calibrating a SIR-multi-sector-macro model. We measure sectoral supply shocks utilizing teleworking and physical job proximity, and demand shocks with credit card purchases. Both shocks are also affected from changing infection rates under different lockdown scenarios. Being an open economy amplifies the economic costs through two main channels. First, the demand shock has domestic and external components. Second, the initial shock is magnified due to domestic and international input-output linkages. 
538 |a Mode of access: Internet 
700 1 |a Demiralp, Selva. 
700 1 |a Kalemli-Ozcan, Sebnem. 
700 1 |a Yesiltas, Sevcan. 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 2020/133 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/2020/133/001.2020.issue-133-en.xml  |z IMF e-Library