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Modeling the Consumption Response to the CARES Act
Carroll, Christopher D. - 2020
consumption stimulus packages. The extension allows us to account for two novel features of the coronavirus crisis. First, during …
Persistent link: https://www.econbiz.de/10012481179
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Initial Impacts of the Pandemic on Consumer Behavior : Evidence from Linked Income, Spending, and Savings Data
Bachas, Natalie - 2020
sizable growth in liquid assets we observe for low-income households suggests that stimulus and insurance programs during this …
Persistent link: https://www.econbiz.de/10012481470
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Health vs. Wealth? Public Health Policies and the Economy During Covid-19
Lin, Zhixian - 2020
associated with slower growth of Covid-19 cases. Reductions in observed "mobility" are not associated with slower growth of Covid …
Persistent link: https://www.econbiz.de/10012481683
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Health versus Wealth : On the Distributional Effects of Controlling a Pandemic
Glover, Andrew - 2020
To slow COVID-19, many countries have shut down part of the economy. Older individuals have the most to gain from slowing virus diffusion. Younger workers in sectors that are shuttered have most to lose. In this paper, we build a model in which economic activity and disease progression are...
Persistent link: https://www.econbiz.de/10012482003
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Real-Time Inequality
Blanchet, Thomas; Saez, Emmanuel; Zucman, Gabriel - National Bureau of Economic Research - 2022
allows us to estimate economic growth by income groups, race, and gender consistent with quarterly releases of macroeconomic … growth, and to track the distributional impacts of government policies during and in the aftermath of recessions in real time … the recession. Although the recovery was primarily driven by jobs rather than wage growth, wages experienced significant …
Persistent link: https://www.econbiz.de/10013334446
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Optimal Age-based Policies for Pandemics : An Economic Analysis of Covid-19 and Beyond
Brotherhood, Luiz Mário; Kircher, Philipp; Santos, Cézar - National Bureau of Economic Research - 2024
This paper investigates the importance of the age composition for pandemic policy design. To do so, it introduces an economic framework with age heterogeneity, individual choice, and incomplete information, emphasizing the value of testing. Calibrating the model to the US Covid-19 pandemic...
Persistent link: https://www.econbiz.de/10014576587
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EMEs and COVID-19 : Shutting Down in a World of Informal and Tiny Firms
Alfaro, Laura - 2020
Emerging economies are characterized by an extremely high prevalence of informality, small-firm employment and jobs not fit for working from home. These features factor into how the COVID-19 crisis has affected the economy. We develop a framework that, based on accounting identities and actual...
Persistent link: https://www.econbiz.de/10012481555
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Deadly Debt Crises : COVID-19 in Emerging Markets
Arellano, Cristina - 2020
The COVID-19 epidemic in emerging markets risks a combined health, economic, and debt crisis. We integrate a standard epidemiology model into a sovereign default model and study how default risk impacts the ability of these countries to respond to the epidemic. Lockdown policies are useful for...
Persistent link: https://www.econbiz.de/10012481857
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The Economics of the COVID-19 Pandemic in Poor Countries
Miguel, Edward; Mobarak, Ahmed Mushfiq - National Bureau of Economic Research - 2021
The COVID-19 pandemic has upended health and living standards around the world. This article provides an interim overview of these effects, with a particular focus on low- and middle-income countries (LMICs). Economists have explained how the pandemic is likely to have differential consequences...
Persistent link: https://www.econbiz.de/10012660017
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Fiscal Policy in the Age of COVID : Does it ‘Get in all of the Cracks?'
Gourinchas, Pierre-Olivier; Kalemli-Ozcan, Sebnem; … - National Bureau of Economic Research - 2021
We study the effects of fiscal policy in response to the COVID-19 pandemic at the firm, sector, country and global level. First, we estimate the impact of COVID-19 and policy responses on small and medium sized enterprise (SME) business failures. We combine firm-level financial data from 50...
Persistent link: https://www.econbiz.de/10012629513