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measure to 35 percent with a strong containment measure; second, recovery from recession emerges when the lockdown policy is … relaxed. On that basis, the output would return to its pre-lockdown level by the end of 2021; third, a return infection is …
Persistent link: https://www.econbiz.de/10012826008
We embed a lockdown choice in a simplified epidemiological model and derive formulas for the optimal lockdown intensity … discovery, learning effects in the health care sector, and the severity of output losses due to a lockdown. In our baseline …
Persistent link: https://www.econbiz.de/10012835657
Countries worldwide have implemented lockdown measures to contain the COVID-19 pandemic. After more than three months … message is that there is no “health vs. economics” dichotomy. Rather, some degree of lockdown is typically optimal in crisis … like this, balancing its economic costs against its health benefits. Moreover, the optimal lockdown is dynamic, changes …
Persistent link: https://www.econbiz.de/10012826065
This paper reexamines the design of the optimal lockdown strategy by paying attention to its robustness to the … postulated social welfare criterion. We first characterize optimal lockdown under utilitarianism, and we show that this social …-maximal lockdown saving lives at the cost of reducing average utility at a given period, there exists always a stricter lockdown, which …
Persistent link: https://www.econbiz.de/10013314954
This paper evaluates the risk of zombification of the French economy during the sanitary crisis, as a result of the unconditional financial support provided to firms by public authorities. We develop a simple theoretical framework based on a partial-equilibrium model to simulate the liquidity...
Persistent link: https://www.econbiz.de/10014080049
couples’ childcare division and by considering the prepandemic division rather than providing merely snapshots during lockdown … months. Starting from a fairly “traditional” prepandemic childcare division, the lockdown stimulus was not nearly strong … enough to level the playing field. A subgroup analysis differentiating between parents’ individual lockdown-specific work …
Persistent link: https://www.econbiz.de/10013226654
rules during the first COVID-19 lockdown in Germany and draws on unique data from the 2019 and 2020 waves of the German AID …
Persistent link: https://www.econbiz.de/10013227607
What political legacy is bequeathed by national health crises such as epidemics? We show that epidemic exposure in an individual’s “impressionable years” (ages 18 to 25) has a persistent negative effect on confidence in political institutions and leaders. The effect is specific to the...
Persistent link: https://www.econbiz.de/10013232409
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
Non-pharmaceutical interventions (NPIs) were measured by Markel, et al. (2007) for U.S. cities during the second wave of the Great Influenza Pandemic, September 1918-February 1919. Â The NPIs were in three categories: school closings, prohibitions on public gatherings, and quarantine/isolation....
Persistent link: https://www.econbiz.de/10012834997