A Typology of Economic Shocks and Applications for Macroeconomic Analysis

RAND Corporation eBooks 2026 Book

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Authors: Virginia W. Zhang, Marzia Giambertoni, K. MacKenzie Scott, Jeffrey Brian Wenger
DOI: 10.7249/rra4392-2
Cited by: 0

Abstract

The authors developed a typology of 20 types of economic shocks and an analytical framework for understanding the macroeconomic impacts of those shocks. They demonstrate how the typology and analytical framework can be used to anticipate recessions and consider appropriate policy responses, using the Great Recession (2007–2009) and the COVID-19 recession (2020) as case studies.

Fields of Study & Subjects

Monetary Policy and Economic Impact COVID-19 Pandemic Impacts Economic Theory and Policy

Publication details

Journal / source
RAND Corporation eBooks
Publication date
1 January 2026
Language
EN
Document type
Book