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results of local instances or deaths. Counties extra socially related to epicenter international locations of the pandemic additionally saw a bigger drop in consumption. These effects are concentrated amongst consumer items and providers that rely extra on social-contact, suggesting that individuals incorporate the experiences from their social network to tell their very own consumption decisions. We are working on incorporating this microeconomic proof right into a heterogeneous agent mannequin and social interaction to study the mixture demand implications. The COVID-19 pandemic and social-distancing as well as stay-at-house orders can directly affect psychological health and quality of life. In this ongoing project, we analyze rich data from Telefonseelsorge, the biggest German emergency helpline service, to higher perceive the impact of the pandemic and of local lockdown measures on mental well being–related helpline contacts. First, looking at Germany–extensive changes, we find that total helpline contacts improve by around 25% in the first week of the lockdown and slowly lower again after the third lockdown week. Our results counsel that the rise is not driven by financial worries or fear of the virus itself, however displays heightened loneliness, anxiousness, and suicidal ideation. Second, we exploit spatial variation in insurance policies amongst German federal states to assess whether the impact is determined by the stringency of native measures. Preliminary proof means

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