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VERSION:2.0
PRODID:-//jEvents 2.0 for Joomla//EN
CALSCALE:GREGORIAN
METHOD:PUBLISH
BEGIN:VEVENT
UID:edd63780c44ebc8cfc448b82fcaefe09
CATEGORIES:Seminars
CREATED:20200422T095029
SUMMARY:WEBINAR: Basile Grassi - Università Bocconi
DESCRIPTION;ENCODING=QUOTED-PRINTABLE:<p><strong><span lang="EN-US" style="font-size: 11pt; font-family: Calibri,
  sans-serif;">Sectoral Effects of Social Distancing</span></strong><span la
 ng="EN-US" style="font-size: 11pt; font-family: Calibri, sans-serif;">" joi
 nt with Jean-Noël Barrot and Julien Sauvagnat</span></p><p style="font-size
 : 14.4px;"><strong style="font-size: 14.4px; text-align: justify;"><span st
 yle="font-size: 11pt; font-family: Calibri, sans-serif;">Abstract:</span></
 strong></p><p style="text-align: justify;"><span style="font-size: 11pt; fo
 nt-family: Calibri, sans-serif;">The health crisis caused by the outbreak o
 f the Covid-19 virus has led many countries to implement drastic social dis
 tancing rules. By reducing the quantity of labor, social distancing in turn
  leads to a drop in output which is difficult to quantify without taking in
 to account relationships between sectors. Starting from a standard model of
  production networks, we analyze the sectoral effects of this shock. We est
 imate that the US economy is producing at 83% of its capacity. One quarter 
 of this fall in economic activity is due to the input-output network. For e
 ach sector, we characterize the overall supply and demand effect. Apart fro
 m sectors directly concerned by social distancing measures, those whose suf
 fers the more are upstream sectors, i.e. sectors most distant from final de
 mand. The same exercise is carried out for other European countries, taking
  into account national differences in sectoral composition and propensity t
 o telework. Finally, we analyze the economic impact of selectively phasing 
 out social distancing by sector and region and the effect of school opening
 .</span></p><p> </p><p><span style="font-size: 11pt; font-family: Calibri, 
 sans-serif; color: black; background: white;"><strong> </strong></span></p>
DTSTAMP:20260407T141555Z
DTSTART:20200518T163000Z
DTEND:20200518T173000Z
SEQUENCE:0
TRANSP:OPAQUE
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