An Estimation of the Economic Impact of Three Covid-19 Stimulus Packages
(2020) NEKN01 20201Department of Economics
- Abstract (Swedish)
- This paper evaluates the effects of the economic reactions to the coronavirus crisis in
Sweden, the United Kingdom and the United States of America. By using a structural
vector autoregressive model we find the effect of a change in government spending, tax
revenue and interest rates on GDP and unemployment. By calculating the effect found
in historic data, we can estimate how the corona stimulus packages affect the economies
of these three countries. Our results questions traditional theory, by indicating that
increased government spending and tax cuts will have a negative effect on the economy.
Meanwhile, stimulus in the form of cutting the interest rate will positively effect the
economy.
Please use this url to cite or link to this publication:
http://lup.lub.lu.se/student-papers/record/9030261
- author
- Johansson, Pontus LU and Hederén, Samuel
- supervisor
- organization
- course
- NEKN01 20201
- year
- 2020
- type
- H1 - Master's Degree (One Year)
- subject
- keywords
- Corona, covid-19, monetary policy, fiscal policy, stimulus, stimulus package, Sweden, USA, United Kingdom, VAR, impulse response, policy evaluation
- language
- English
- id
- 9030261
- date added to LUP
- 2020-12-07 10:49:09
- date last changed
- 2020-12-07 10:49:09
@misc{9030261, abstract = {{This paper evaluates the effects of the economic reactions to the coronavirus crisis in Sweden, the United Kingdom and the United States of America. By using a structural vector autoregressive model we find the effect of a change in government spending, tax revenue and interest rates on GDP and unemployment. By calculating the effect found in historic data, we can estimate how the corona stimulus packages affect the economies of these three countries. Our results questions traditional theory, by indicating that increased government spending and tax cuts will have a negative effect on the economy. Meanwhile, stimulus in the form of cutting the interest rate will positively effect the economy.}}, author = {{Johansson, Pontus and Hederén, Samuel}}, language = {{eng}}, note = {{Student Paper}}, title = {{An Estimation of the Economic Impact of Three Covid-19 Stimulus Packages}}, year = {{2020}}, }