Commentaries

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Senior Fellows/Fellows, 2020, Pandemic

Human Mobility Restrictions and the Spread of the Novel Coronavirus (2019-nCoV) in China

Hanming FANG, Long WANG, Yang YANG
We quantify the causal impact of human mobility restrictions, particularly the lockdown of the city of Wuhan on January 23, 2020, on the containment and delay of the spread of the Novel Coronavirus (2019-nCoV). We employ a set of differencein-differences (DID) estimations to disentangle the lockdown...
Keywords: Human Mobility, Lockdown, Social Distancing, 2019-nCoV, COVID-19, Disease Outbreak
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Commentaries

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Senior Fellows/Fellows, 2020, Pandemic

A First Look at China’s Consumption after Coronavirus

Wenlan QIAN
With countries engaging in distancing and mobility-restriction measures to contain the spread of COVID-19, a central policy debate lies in the tradeoff between stringent public health interventions and the severe economic ramifications that come with those interventions…...
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Commentaries

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Senior Fellows/Fellows, 2020, Pandemic

Economic Effects of Lockdown in China

Qin CHEN, Zhiguo HE, Chang-Tai HSIEH, Zheng Michael SONG
On January 23, 2020, the Chinese government locked down the city of Wuhan (in Hubei Province). In subsequent days, similar measures were taken in other cities in Hubei and throughout China. This chapter documents several facts of the Chinese economy since the lockdown. The main findings are summariz...
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Commentaries

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2020, Pandemic

COVID-19: Collective Learning from the East

Sumit AGARWAL, Bernard YEUNG, Zhiguo HE
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Senior Fellows/Fellows

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Senior Fellows/Fellows, Pandemic

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May 2020

The Impact of the COVID-19 Pandemic on Consumption: Learning from High Frequency Transaction Data

Wenlan QIAN, Haiqiang CHEN, Qiang WEN
We use daily transaction data in 214 cities to study the impact of COVID-19 on consumption after China’s outbreak in late January 2020. Based on difference-in-differences estimation, daily offline consumption—via UnionPay card and QR scanner transactions—fell by 32%, or 18.57 million RMB per c...
Keywords: COVID-19, Coronavirus, Pandemic, Consumption, economic impact, Policy response, fiscal stimulus, transaction data
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