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We develop a heterogeneous-agents network-based model to analyze alternative policies during a pandemic outbreak, accounting for health and economic trade-offs within the same empirical framework. We leverage a variety of data sources, including data on individuals' mobility and encounters...
Persistent link: https://www.econbiz.de/10012481569
We study the optimal lockdown policy for a planner who wants to control the fatalities of a pandemic while minimizing … the output costs of the lockdown. We use the SIR epidemiology model and a linear economy to formalize the planner … parametrize the model using data on the COVID19 pandemic and the economic breadth of the lockdown. The quantitative analysis …
Persistent link: https://www.econbiz.de/10012481937
This paper presents a simple price-theory approach to Covid-19 lockdown and reopening policy. The key idea is to … formulation provides economics language for a policy middle ground between society-wide lockdown and ignore-the-virus, and a new …
Persistent link: https://www.econbiz.de/10012482312
while minimizing the negative effects of lockdown strategies on businesses and children …
Persistent link: https://www.econbiz.de/10013191023
-triggered lockdown that has hampered people's physical interactions hence the ability to collect, process, and transmit soft information …. Exploiting the cross- sectional and time-series variations of lockdown, we investigate how the difficulty to use soft information … show that lockdown reduces fund investment in proximate stocks and generates a portfolio rebalancing toward distant stocks …
Persistent link: https://www.econbiz.de/10012696422
districts with the strictest lockdown rules. We find similarly large increases in cybercrime complaints. Interestingly, rape and … important role in the reporting and incidence of domestic violence during the lockdown …
Persistent link: https://www.econbiz.de/10012481417
The collapse of economic activity in 2020 from COVID-19 has been immense. An important question is how much of that resulted from government restrictions on activity versus people voluntarily choosing to stay home to avoid infection. This paper examines the drivers of the collapse using cellular...
Persistent link: https://www.econbiz.de/10012481627
epidemic. First, we show that MSAs with less pre-virus employment in work-from-home jobs experienced smaller declines in the …
Persistent link: https://www.econbiz.de/10012481669
We study the response of an economy to an unexpected epidemic. Households mitigate the spread of the disease by …
Persistent link: https://www.econbiz.de/10012481940
Does social distancing harm innovation? We estimate the effect of non-pharmaceutical interventions (NPIs)--policies that restrict interactions in an attempt to slow the spread of disease--on local invention. We construct a panel of issued patents and NPIs adopted by 50 large US cities during the...
Persistent link: https://www.econbiz.de/10012482371