新型コロナウイルス危機のマクロ経済分析

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  • シンガタ コロナウイルス キキ ノ マクロ ケイザイ ブンセキ

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Abstract

This paper surveys the rapidly growing literature of macroeconomic models analyzing the COVID-19 pandemic. In particular, I summarize new frameworks integrating the epidemiological (SIR) models and macroeconomics. This survey (i) discusses why the traditional macroeconomic framework fails to capture the pandemic; (ii) provides a concept for policy evaluation called pandemic possibility frontier; (iii) reviews epidemiological models with economic costs; (iv) summarizes the models incorporating individual optimizations and general equilibrium; (v) presents quantitative applications to Japan’s coronavirus-related state of emergency.

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