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2021 | OriginalPaper | Buchkapitel

4. Macro Economic Model of COVID-19 Pandemic Crisis

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Abstract

The economic crisis triggered by the COVID-19 virus is unique in economic history in its mode and rate of occurrence, global coverage, and consequences. The text reveals the mechanisms of the impact of health shock on the economy and the macroeconomic framework of mitigating and exiting the crisis. It uses the AS-AD macroeconomic model with vertical axis inflation for analysis. Empirical facts illustrate the case of the Republic of Croatia.
Literatur
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Metadaten
Titel
Macro Economic Model of COVID-19 Pandemic Crisis
verfasst von
Vladimir Čavrak
Copyright-Jahr
2021
DOI
https://doi.org/10.1007/978-3-030-75444-0_4

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