We develop a model of pandemic risk management and firm valuation. We introduce aggregate transmission shocks into an … epidemic model and link valuations to infections via an asset-pricing framework with vaccines. Infections lower earnings growth … during a pandemic. Valuations would be significantly lower absent mitigation and a high vaccine arrival rate …

The COVID-19 pandemic has forced federal, state and local policymakers to respond by legislating, enacting, and … COVID-19 pandemic reduces the impact of these policies. Our results imply that while social distancing policies do lead to …

the pandemic-era surge in consumer price inflation in the euro area. Initially, supply-chain pressures increased inflation …

We consider several economic uncertainty indicators for the US and UK before and during the COVID-19 pandemic: implied … emerge. First, all indicators show huge uncertainty jumps in reaction to the pandemic and its economic fallout. Indeed, most …

1. Expected pandemic deaths exceed 700,000 per year worldwide with an associated annual mortality cost of estimated at ….3% in high-income countries, mostly as a result of much higher pandemic death rates in lower-income environments …4. The distribution of pandemic severity has an exceptionally fat tail: about 95% of the expected cost results from …

We examine the effect of the Covid pandemic on willingness to work along both the extensive and intensive margins of … that the sharp increase in the AHG during the Covid pandemic essentially disappeared by the end of 2021. We also document a … sharp decline in desired work hours during the pandemic that persists through the end of 2021 and is roughly double the drop …

We examine the impact of the global recession triggered by the Covid-19 pandemic on women's versus men's employment … moniker "mancessions," we show that the pandemic recession of 2020 was a "shecession" in most countries with larger employment …, we also emphasize how policy choices such as furloughing policies and the extent of school closures shape the pandemic …

The advent of a pandemic is an exogenous shock, but the dynamics of contagion are very much endogenous --and depend on … alleviating economic losses but also via incentives that affect the trajectory of the pandemic itself. We develop this idea in a … dynamic equilibrium model of an economy subject to a pandemic. Just as in conventional SIR models, infection rates depend on …

We analyze the effects of the COVID-19 pandemic on state and local government finances, with an emphasis on health …