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Countries restrict the overall extent of international travel and migration to balance the expected costs and benefits of mobility. Given the ever-present threat of new, future pandemics, how should permanent restrictions on mobility respond? A simple theoretical framework predicts that reduced...
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We embed a lockdown choice in a simplified epidemiological model and derive formulas for the optimal lockdown intensity and duration. The optimal policy reflects the rate of time preference, epidemiological factors, the hazard rate of vaccine discovery, learning effects in the health care...
Persistent link: https://www.econbiz.de/10012206448
We study the problem of a policymaker who aims at taming the spread of an epidemic while minimizing its associated … characterized by three distinct periods: the epidemic is first let freely evolve, then vigorously tamed, and finally a less …
Persistent link: https://www.econbiz.de/10012269704
In an effort to contain the spread of the COVID-19 pandemic, many countries around the globe adopted social distancing measures. Previous studies have relied on the geographical and temporal variation in the adoption of non-pharmaceutical interventions (NPIs) to show that early adoption of NPIs...
Persistent link: https://www.econbiz.de/10012228762
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We assess the impact of the COVID-19 pandemic on consumption indicators by estimating the effects of government-mandated containment measures and of the willingness of individuals to voluntarily physically distance to prevent contagion. To do this, we use weekly panel regressions across Canadian...
Persistent link: https://www.econbiz.de/10013161513
Using a novel dataset provided by the Connecticut Department of Health (CTDoH), this manuscript shows the necessity for and added utility from analyzing disaggregated COVID-19 outcome data for applied research. Connecticut is currently ranked the fourth highest state in death rates per 100,000...
Persistent link: https://www.econbiz.de/10013163217
This paper provides a critical review of models of the spread of the coronavirus (SARS-CoV-2) that have been …
Persistent link: https://www.econbiz.de/10012833728