Write a review paper on the economic research that has been conducted to determine what the dominant impacts have been of the COVID-19 pandemic on local, national and global economies, and the public policy options available to address these economic shocks.
Read “Is the COVID-19 Pandemic a Supply or a Demand Shock?” by Pedro Brinca, Joao B. Duarte, and Miguel Faria e Castro (Economic Research – Federal Reserve Bank of St. Louis, 20 May 2020) and address the following questions in your initial thread:
(1) outline the hypothesis, research methods, and results of the authors’s research as to the dominant economic impacts of COVID-19 pandemic.
(2) what applications do you observe to the US economy at this time? to your local economy? how and why do your observations differ from those presented by the authors?
(3) it has been more than a year since the authors have published their analysis, with COVID 19 impacts expected to continue through 2021. What impact do you believe the prolonged economic disruption (1.5 years or more) will have on the economic drivers identified by the authors?
https://research.stlouisfed.org/publications/economic-synopses/2020/05/20/is-the-covid-19-pandemic-a-supply-or-a-demand-shock
