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dc.contributor.authorBjørnland, Hilde C.
dc.contributor.authorJensen, Malin C.
dc.contributor.authorThorsrud, Leif Anders
dc.date.accessioned2023-12-21T13:15:23Z
dc.date.available2023-12-21T13:15:23Z
dc.date.issued2023-12-21
dc.identifier.issn1892-2198
dc.identifier.urihttps://hdl.handle.net/11250/3108626
dc.description.abstractWe use a unique daily economic activity measure and manually audited nonpharmaceutical intervention indexes for Norway and Sweden to model the dynamic interaction between COVID-19, policy, health, and business cycles within a SVAR framework. Our analysis documents large measurement errors in commonly used containment policy measures, significant endogeneity between the model’s variables, and a strong health-economy trade-off following both policy shocks and precautionary actions. We further document that a large share of the variation in containment policies is driven by news innovations, and explore via counterfactual simulations the nexus between the Norwegian and Swedish experiences.en_US
dc.language.isoengen_US
dc.publisherBI Norwegian Business Schoolen_US
dc.relation.ispartofseriesCAMP Working Paper Series;15/2023
dc.subjectCOVID-19en_US
dc.subjectSimultaneityen_US
dc.subjectExpectationsen_US
dc.subjectBusiness Cyclesen_US
dc.titleBusiness Cycle and Health Dynamics during the COVID-19 Pandemic. A Scandinavian Perspectiveen_US
dc.typeWorking paperen_US
dc.source.pagenumber50en_US


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