id author title date pages extension mime words sentences flesch summary cache txt cord-351666-q7dqsl7n Milani, Fabio COVID-19 outbreak, social response, and early economic effects: a global VAR analysis of cross-country interdependencies 2020-08-19 .txt text/plain 9182 548 55 2 In my global framework, for each country, COVID-19 cases can affect risk perceptions about the virus, which can trigger a social distancing response. The paper exploits a variety of newly available datasets to study the interrelationship between health shocks originating from the COVID-19 pandemic, people's real-time perceptions about coronavirus risk, the extent of their social distancing response, and unemployment. 7 In the analysis, the number k * i is also equal to 4, as the vector x * i,t contains the country-specific global counterparts for the same variables in x i,t , i.e., the growth rate of COVID-19 cases, coronavirus risk perceptions, social mobility, and unemployment. Figures 4 and 5 show the impulse response functions for all countries in the sample for the risk perception and social distancing variables to a one-standard-deviation COVID shock originating in Italy. ./cache/cord-351666-q7dqsl7n.txt ./txt/cord-351666-q7dqsl7n.txt