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Impact of COVID on Macro Variables on United States Economy

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  • Munir Hassan

Abstract

The focus of this paper is to examine the impact of COVID-19 on the macroeconomic variables in the US economy. The paper is discussed in four sections. In the first section, the definitions of the various variables used in the study are given. Section 2 is devoted to a review of some literature related to these issues. In the third section, the data and methodology are outlined, and the fourth section focuses on the study of two Macro Variables (Inflation and Gross Domestic Product) and the COVID-19 impact. Inflation and GDP exhibited a positive relationship. The main conclusion from the analysis is that, although there is a positive relationship between GDP and inflation in both models, the COVID factor is weak.

Suggested Citation

  • Munir Hassan, 2025. "Impact of COVID on Macro Variables on United States Economy," International Journal of Economics and Finance, Canadian Center of Science and Education, vol. 17(10), pages 1-87, October.
    • Handle: RePEc:ibn:ijefaa:v:17:y:2025:i:10:p:87
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    References listed on IDEAS

    as
    1. Terrie Walmsley & Adam Rose & Dan Wei, 2021. "The Impacts of the Coronavirus on the Economy of the United States," Economics of Disasters and Climate Change, Springer, vol. 5(1), pages 1-52, April.
    2. Walmsley, Terrie & Rose, Adam & John, Richard & Wei, Dan & Hlávka, Jakub P. & Machado, Juan & Byrd, Katie, 2023. "Macroeconomic consequences of the COVID-19 pandemic," Economic Modelling, Elsevier, vol. 120(C).
    3. Richard H. Clarida & Burcu Duygan-Bump & Chiara Scotti, 2021. "The COVID-19 Crisis and the Federal Reserve's Policy Response," Finance and Economics Discussion Series 2021-035, Board of Governors of the Federal Reserve System (U.S.).
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    More about this item

    JEL classification:

    • R00 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General - - - General
    • Z0 - Other Special Topics - - General

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