Macroeconomics of the COVID-19 pandemics: a study of the Brazilian case
The thesis aims to expand the understanding of the problem of governing the COVID-19 pandemic and, as much as possible, to the identification of policies capable of minimizing the loss of economic surplus for each unit of fatality avoided. To this end, two fundamental questions will be answered, the first referring to the relative importance of supply and demand mechanisms through which the COVID-19 epidemic impacts the macroeconomy. The second concerns the relative performance of fiscal policies capable of altering specific components of aggregate demand. For that, the method, consolidated in macroeconomics, of dynamic general equilibrium modeling will be applied. Data from the Brazilian economy will ground the calibration of the model and its simulation, both in deterministic and stochastic versions.