Table 2.
Overview and description of the simulated scenarios
| Scenario | Description |
|---|---|
| Baseline | Business-as-usual (BAU), i.e. the situation corresponding to the pre-COVID-19 era |
| Scenario 1 | Workforce stays at home, leading to a decrease in working time by 10% |
| Scenario 2 | Workforce stays at home, leading to a decrease in working time by 20% |
| Scenario 3 | Overall demanda drops to 90% levels, only essential sectorsb remain 100% active |
| Scenario 4 | Overall demand drops to 90% levels |
aOverall demand is the aggregation of demand by all the economic agents identified in the model (consumers, government, investment, etc.), this decrease is achieved by modifying the intercept of each agent’s consumption function
bEssential sectors are defined as non-market services, (including health care and education), and agriculture, fishing, and forestry