Effects of Coronavirus Pandemic on U.S Economy: D-Vine Regression Copula Approach

The rapid spread of Covid-19 since January 2020 has dramatically affected financial markets and economies worldwide, especially in the United States. This paper aims to utilize regression model D-Vine Copula introduced by Kraus investigate effects each three input variables (number Corona cases, number deaths, news)on our response which are famous indices U.S(S&P 500, NASDAQ 100 Dow Jones). Also, we examine impact unemployment rate on economy using jobless claims reported department labor during first five months outbreak At end analysis, use C-Vine structure dependence coefficient Kendall's tau determine news most effect under scrutiny this study. Findings demonstrate that fitted quantile curves all suggest variable death negative S&P500 Jones influence NASDAQ100, it can be concluded D(GDP news)has mentioned indices.