Impacts of the Substitutability of Consumption on Infection Dynamics
In this study, we construct a dynamic stochastic general equilibrium (DSGE) model to examine the impacts of infectious diseases on consumption dynamics. Assuming a model that considers the substitutability of consumption, we show that the slump in demand for consumption goods will be low in high-su...
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| Format: | Article |
| Language: | English |
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EconJournals
2023-07-01
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| Series: | International Journal of Economics and Financial Issues |
| Subjects: | |
| Online Access: | https://econjournals.com/index.php/ijefi/article/view/14445 |