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Taking Stock: The Aggregate Effects of the Spanish Flu

In: Pandemics, Economics and Inequality


  • Sergi Basco

    (University of Barcelona)

  • Jordi Domènech

    (Universidad Carlos III de Madrid)

  • Joan R. Rosés

    (London School of Economics)


Do pandemics affect the aggregate production of the economy? If this is the case, are the effects long-lived? To consider these two questions, we propose a framework to understand the effects of pandemics on short- and long-run aggregate output. We review the diverse economic consequences of pre-world pandemics (including the Black Death) and the Spanish Flu. Finally, we explain how the Spanish Flu can help us consider the potential unequal economic effects of Covid-19.

Suggested Citation

  • Sergi Basco & Jordi Domènech & Joan R. Rosés, 2022. "Taking Stock: The Aggregate Effects of the Spanish Flu," Palgrave Studies in Economic History, in: Pandemics, Economics and Inequality, chapter 0, pages 83-103, Palgrave Macmillan.
  • Handle: RePEc:pal:palscp:978-3-031-05668-0_6
    DOI: 10.1007/978-3-031-05668-0_6

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