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Optimally controlling an epidemic
Gonzalez-Eiras, Martín; Niepelt, Dirk - 2020
We propose a flexible model of infectious dynamics with a single endogenous state variable and economic choices. We characterize equilibrium, optimal outcomes, static and dynamic externalities, and prove the following: (i) A lockdown generically is followed by policies to stimulate activity....
Persistent link: https://www.econbiz.de/10012388160
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Firm behavior during an epidemic
Brotherhood, Luiz Mário; Jerbashian, Vahagn - 2020
We derive a model in which firms operate in an epidemic environment and internalize infections among their employees in … the workplace. The model is calibrated to fit the properties of the Covid-19 epidemic. We show that firms have incentives …
Persistent link: https://www.econbiz.de/10012258622
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On the optimal "lockdown" during an epidemic
Gonzalez-Eiras, Martín; Niepelt, Dirk - 2020
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
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Optimal epidemic suppression under an ICU constraint
Miclo, Laurent; Spiro, Daniel; Weibull, Jörgen W. - 2020
during an epidemic? We study a setting where ICU resources are constrained while suppression is costly (e.g., limiting … suppression measures are continuously taken to hold down the spread throughout the epidemic, is suboptimal. Instead, the optimal … suppression is discountinuous. The epidemic should be left unregulated in a first phase and when the ICU constraint is approaching …
Persistent link: https://www.econbiz.de/10012219144
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The impact of Covid-19 on community college enrollment and student success : evidence from California administrative data
Bulman, George; Fairlie, Robert W. - 2022
Although enrollment at California’s four-year public universities mostly remained unchanged by the pandemic, the effects were substantial for students at California Community Colleges, the largest higher education system in the country. This paper provides a detailed analysis of how the...
Persistent link: https://www.econbiz.de/10013171011
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V for vaccines and variants
Delli Gatti, Domenico; Reissl, Severin; Turco, Enrico - 2021
) to evaluate the effects of vaccinations and variants on the epidemic and macroeconomic outlook. Vaccination plays the …, increasing the volatility of epidemic curves and worsening the macroeconomic outlook. If a more contagious variant emerges after …
Persistent link: https://www.econbiz.de/10012619411
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Measuring the economic risk of COVID-19
Noy, Ilan; Nguyen Doan; Ferrarini, Benno; Park, Donghyun - 2020
, vulnerability, and resilience of the local economy to the shock of the epidemic. Using a battery of proxies for these four concepts …
Persistent link: https://www.econbiz.de/10012231556
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The economic impacts of a pandemic : what happened after SARS in 2003?
Nguyen Doan; Nguyen Phuc Canh; Noy, Ilan; Sawada, Yasuyuki - 2020
This study quantifies the economic impacts of SARS on the four affected Asian economies and the two most affected Chinese regions using synthetic control methods with macroeconomic and remote-sensing nightlight data. For the four affected economies (China, Hong Kong, Taiwan, and Singapore), we...
Persistent link: https://www.econbiz.de/10012312227
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Should contact bans be lifted in Germany? : a quantitative prediction of Its effects
Donsimoni, Jean Roch; Glawion, René; Plachter, Bodo; … - 2020
Many countries consider the lifting of restrictions of social contacts (RSC). We quantify the effects of RSC for Germany. We initially employ a purely statistical approach to predicting prevalence of COVID19 if RSC were upheld after April 20. We employ these findings and feed them into our...
Persistent link: https://www.econbiz.de/10012206629
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Covid-19 and capital flows : the responses of investors to the responses of governments
Goldbach, Stefan; Nitsch, Volker - 2021
This paper examines the effect of national government response measures to Covid-19 on German international capital flows. Analyzing highly disaggregated monthly data from the German balance of payments statistics over the period from January 2019 through January 2021, we find that bilateral...
Persistent link: https://www.econbiz.de/10012668936