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The Macroeconomic Effects of a Pandemic in Europe. A Model-Based Assessment

Jonung, Lars LU and Roeger, Werner (2006) In European Economy - Economic papers
Abstract
This report estimates possible macroeconomic effects of a pandemic taking place in the EU in 2006, using a quarterly macroeconomic model. The macroeconomic costs of a pandemic, that is the cost in terms of production lost due to illness and death measured as reductions in GDP growth and/or declines in the level of GDP, are quantified in various pandemic scenarios. We focus on two sectors of the European economy that are expected to be particularly severely hit, tourism and trade. The results are compared with those obtained in similar studies. Our basic conclusion is that, although a pandemic would take a huge toll in human suffering, it would most likely not be a severe threat to the European macroeconomy.
Please use this url to cite or link to this publication:
author
and
publishing date
type
Book/Report
publication status
published
subject
in
European Economy - Economic papers
edition
251
pages
19 pages
publisher
European Commission
ISSN
1725-3187
ISBN
92-79-01192-8
language
Swedish
LU publication?
no
id
eb3bc80c-ac14-4151-bb00-4ac1228ed77d
alternative location
http://ec.europa.eu/economy_finance/publications/publication708_en.pdf
date added to LUP
2020-01-29 11:59:46
date last changed
2021-03-29 18:51:06
@techreport{eb3bc80c-ac14-4151-bb00-4ac1228ed77d,
  abstract     = {{This report estimates possible macroeconomic effects of a pandemic taking place in the EU in 2006, using a quarterly macroeconomic model. The macroeconomic costs of a pandemic, that is the cost in terms of production lost due to illness and death measured as reductions in GDP growth and/or declines in the level of GDP, are quantified in various pandemic scenarios. We focus on two sectors of the European economy that are expected to be particularly severely hit, tourism and trade. The results are compared with those obtained in similar studies. Our basic conclusion is that, although a pandemic would take a huge toll in human suffering, it would most likely not be a severe threat to the European macroeconomy.}},
  author       = {{Jonung, Lars and Roeger, Werner}},
  institution  = {{European Commission}},
  isbn         = {{92-79-01192-8}},
  issn         = {{1725-3187}},
  language     = {{swe}},
  series       = {{European Economy - Economic papers}},
  title        = {{The Macroeconomic Effects of a Pandemic in Europe. A Model-Based Assessment}},
  url          = {{https://lup.lub.lu.se/search/files/75624308/publication708_en.pdf}},
  year         = {{2006}},
}