Template-type: ReDIF-Article 1.0
Author-Name: Aleksey Ponomarenko
Author-Email: ponomarenkoaa@mail.cbr.ru
Author-Workplace-Name: Bank of Russia
Author-Name: Svetlana Popova
Author-Email: popovasv@mail.cbr.ru
Author-Workplace-Name: Bank of Russia
Author-Name: Andrey Sinyakov
Author-Email: sinyakovaa@mail.cbr.ru
Author-Workplace-Name: Bank of Russia
Author-Name: Natalia Turdyeva
Author-Email: turdyevana@mail.cbr.ru
Author-Workplace-Name: Bank of Russia
Author-Name: Dmitry Chernyadyev
Author-Email: chernyadevdn@cbr.ru
Author-Workplace-Name: Bank of Russia
Title: Assessing the Consequences of the Pandemic for the Russian Economy Through an Input-Output Model
Abstract: This paper evaluates the impact of anti-coronavirus measures on the dynamics of economic activity. In addition to primary shocks directly caused by restrictive measures, we assess their secondary effects through inter-industry relationships. Our assessments show that secondary effects impact more industries than primary effects do. The overall impact of secondary effects on the economy proves to be of a larger scale than the impact of primary effects with high heterogeneity of dynamics by industry.
Classification-JEL: C53, C67, I1
Keywords: COVID-19, input-output model, payment system, GDP
Journal: Russian Journal of Money and Finance
Pages: 3-17
Volume: 79
Issue: 4
Year: 2020
Month: December
DOI: 10.31477/rjmf.202004.03
File-URL: https://rjmf.econs.online/upload/iblock/9bb/Consequences-Pandemic-Russian-Economy.pdf
Handle: RePEc:bkr:journl:v:79:y:2020:i:4:p:3-17