A literature review of the economics of COVID‐19

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  • Abel Brodeur
    Department of Economics University of Ottawa Ottawa Ontario Canada
  • David Gray
    Department of Economics University of Ottawa Ottawa Ontario Canada
  • Anik Islam
    Department of Economics University of Ottawa Ottawa Ontario Canada
  • Suraiya Bhuiyan
    Department of Economics University of Ottawa Ottawa Ontario Canada

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<jats:title>Abstract</jats:title><jats:p>The goal of this piece is to survey the developing and rapidly growing literature on the economic consequences of COVID‐19 and the governmental responses, and to synthetize the insights emerging from a very large number of studies. This survey: (i) provides an overview of the data sets and the techniques employed to measure social distancing and COVID‐19 cases and deaths; (ii) reviews the literature on the determinants of compliance with and the effectiveness of social distancing; (iii) mentions the macroeconomic and financial impacts including the modelling of plausible mechanisms; (iv) summarizes the literature on the socioeconomic consequences of COVID‐19, focusing on those aspects related to labor, health, gender, discrimination, and the environment; and (v) summarizes the literature on public policy responses.</jats:p>

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