VoxEU Talk

Modelling the economic consequences of Covid-19

When Covid-19 wasn't even on the radar of most policymakers, Warwick McKibbin of ANU used his experience from previous pandemics to create seven scenarios for its impact. All implied a major shock to the global economy. Tim Phillips asks him how his model was able to capture the nature of Covid-19, and which policymakers listened to the warning.Read about McKibbin's scenarios in Chapter 3 of Economics in the Time of Covid-19.