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A primer on the macroeconomic effects of an influenza pandemic

16 Feb 2006
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Steven Kennedy, Jim Thomson and Petar Vujanovic discuss the pathways through which a pandemic might affect the Australian economy. They find that confidence effects and the (large) short term withdrawal of labour are probably the dominant mechanisms through which a pandemic adversely affects the economy. The macroeconomic policy implications flow naturally from these potential economic effects. In particular, policies that restore confidence and consumption, support business in the short term, and promote a quick return to work are likely to be most effective in offsetting the adverse economic consequences of a pandemic.

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Published year only: 
2006
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