COVID-19 and the Costs of Deadly Disasters
- (pp. 366-70)
Abstract
Using monthly data on costly natural disasters affecting the United States over the last 40 years, we estimate 2 time series models and use them to generate predictions about the impact of COVID-19. We find that while our models yield reasonable estimates of the impact on industrial production and the number of scheduled flight departures, they underestimate the unprecedented changes in the labor market.Citation
Ludvigson, Sydney C., Sai Ma, and Serena Ng. 2021. "COVID-19 and the Costs of Deadly Disasters." AEA Papers and Proceedings, 111: 366-70. DOI: 10.1257/pandp.20211066Additional Materials
JEL Classification
- I12 Health Behavior
- E32 Business Fluctuations; Cycles
- O51 Economywide Country Studies: U.S.; Canada
- E66 General Outlook and Conditions