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BEGIN:VEVENT
UID:edd63780c44ebc8cfc448b82fcaefe09
CATEGORIES:Seminars
CREATED:20200422T095029
SUMMARY:WEBINAR: Basile Grassi - Università Bocconi
DESCRIPTION;ENCODING=QUOTED-PRINTABLE:\n\nSectoral Effects of Social Distancing" joint with Jean-Noël Barrot and 
 Julien Sauvagnat\nAbstract:\nThe health crisis caused by the outbreak of th
 e Covid-19 virus has led many countries to implement drastic social distanc
 ing rules. By reducing the quantity of labor, social distancing in turn lea
 ds to a drop in output which is difficult to quantify without taking into a
 ccount relationships between sectors. Starting from a standard model of pro
 duction networks, we analyze the sectoral effects of this shock. We estimat
 e that the US economy is producing at 83% of its capacity. One quarter of t
 his fall in economic activity is due to the input-output network. For each 
 sector, we characterize the overall supply and demand effect. Apart from se
 ctors directly concerned by social distancing measures, those whose suffers
  the more are upstream sectors, i.e. sectors most distant from final demand
 . The same exercise is carried out for other European countries, taking int
 o account national differences in sectoral composition and propensity to te
 lework. Finally, we analyze the economic impact of selectively phasing out 
 social distancing by sector and region and the effect of school opening.\n\
 n\n \n\n\n \n
DTSTAMP:20260406T072624Z
DTSTART:20200518T163000Z
DTEND:20200518T173000Z
SEQUENCE:0
TRANSP:OPAQUE
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