From Inemployment to Unemployment Worldwide: Post-COVID-19

16 Pages Posted: 28 May 2020

See all articles by Mario Arturo Ruiz Estrada

Mario Arturo Ruiz Estrada

Center of Latin American Studies (CLAS) - University of Malaya; Akademia Ekonomiczno-Humanistyczna w Warszawie; Universidad de San Carlos de Guatemala

Date Written: May 28, 2020

Abstract

The impact of Post-COVID-19 on economic growth is obviously substantial, but measuring such impact to get a sense of the intensity of its effects on inflation and unemployment is subject to a great deal of uncertainty. As such, this paper primarily attempts to close this gap by introducing the COVIDECONOMICS-19-Simulator (COVIDECONOMICS-19-Simulator), a new economic instrument that could be used to evaluate the impact of Post-COVID-19 on inflation and unemployment. Based on five key indicators, the COVIDECONOMICS-19-Simulator considers and draws its assessment from different focuses of analysis to evaluate the Post-COVID-19 economic damage anywhere and anytime. Hence, in this article, the world economy was used to illuminate and illustrate the applicability of the COVIDECONOMICS-19-Simulator from where analyses provide a coherent evaluation of the degree to which Post-COVID-19 negative economic effects on the world inflation and unemployment. Finally, this paper also proposes a new concept entitled “Inemployment”. The inemployment define as the full or partial labor immobility or lockout from any contagious diseases (epidemics or pandemic) or natural disasters or social conflict (war). The inemployment can be considered as a pre-stage to unemployment in the short or medium run.

Keywords: COVID-19, COVIDECONOMICS-19-SIMULATOR, inflation and unemployment, world economy, inemployment

JEL Classification: Y20

Suggested Citation

Ruiz Estrada, Mario Arturo, From Inemployment to Unemployment Worldwide: Post-COVID-19 (May 28, 2020). Available at SSRN: https://ssrn.com/abstract=3612663 or http://dx.doi.org/10.2139/ssrn.3612663

Mario Arturo Ruiz Estrada (Contact Author)

Center of Latin American Studies (CLAS) - University of Malaya ( email )

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HOME PAGE: http://ssrc.um.edu.my/

Akademia Ekonomiczno-Humanistyczna w Warszawie

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Universidad de San Carlos de Guatemala ( email )

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HOME PAGE: http://www.usac.edu.gt

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