Stagpression: The Economic and Financial Impact of the COVID-19 Pandemic
Stagpression: The Economic and Financial Impact of the COVID-19 Pandemic
Author(s): Mario Arturo Ruiz Estrada, Evangelos Koutronas, Minsoo LeeSubject(s): Supranational / Global Economy, Economic policy, Health and medicine and law, Economic development
Published by: Akademia Ekonomiczno-Humanistyczna w Warszawie
Keywords: Stagpression; pandemics; economic modeling; economic desgrowth; policy modeling; stock market; COVID-19;
Summary/Abstract: This paper formulates an analytical framework to understand the spatiotemporal patterns of epidemic disease occurrence, its relevance, and implications to financial markets activity. The paper suggests a paradigm shift: a new multi-dimensional geometric approach to capture all symmetrical and asymmetrical strategic graphical movement. Furthermore, it introduces the concept of stagpression, a new economic phenomenon to explain the uncharted territory the world economies and financial markets are getting into. The Massive Pandemic Contagious Diseases Damage on Stock Markets Simulator (φ-Simulator) to evaluate the determinants of capital markets behavior in the presence of an infectious disease outbreak. The model investigates the impact of COVID-19 on the performance of ten stock markets, including S&P 500, TWSE, Shanghai Stock Exchange, Nikkei 225, DAX, Hang Seng, U.K.-FTSE, KRX, SGX, and Malaysia-FTSE.
Journal: Contemporary Economics
- Issue Year: 15/2021
- Issue No: 1
- Page Range: 19-33
- Page Count: 15
- Language: English
