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remove concurrent policy bias from the effect of each policy of interest, and we establish that policies curb the epidemic by …
Persistent link: https://www.econbiz.de/10012225440
Countries worldwide have implemented lockdown measures to contain the covid-19 pandemic. After more than three months … while keeping the epidemic in check. Here I use basic economic principles to shed light on the key tradeoffs. A central … message is that there is no "health vs. economics" dichotomy. Rather, some degree of lockdown is typically optimal in crisis …
Persistent link: https://www.econbiz.de/10012257770
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/10012206448
alternative evolution of the pandemic, assuming that states extended the lockdown measures until daily new cases reach the levels … of European countries after their lockdown measures were relaxed. In the baseline simulation, we find that cases and …
Persistent link: https://www.econbiz.de/10012291873
distancing, incentives to comply, vaccination and the emergence of new variants. Evidence based on panel data modeling indicates …
Persistent link: https://www.econbiz.de/10013202378
Italian Government imposed an economic lockdown and ordered the closing of all non-essential economic activities. This paper … effect exploits the variation in the number of active workers across municipalities induced by the economic lockdown. The … of active population before and after the lockdown within a province, also controlling for municipality-specific dynamics …
Persistent link: https://www.econbiz.de/10012291890
We investigate how politico-economic factors shaped government responses to the spread of COVID-19. Our simple framework uses epidemiological, economic and politico-economic arguments. Confronting the theory with US state level data we find strong evidence for partisanship even when we control...
Persistent link: https://www.econbiz.de/10012801483
with endogenous dynamics for the pandemic. There are three main results. First, the macroeconomic effects of the epidemic … 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/10012258268
speeds. Hence the race is on to beat the variants with the vaccines. Vaccination is very powerful at reducing virus … effective reproduction numbers by up to 90%. Meanwhile, many countries are rolling out vaccination programmes, but at varying … to raise GDP by about 4-5%. Quick vaccination would thus help limit the extent to which containment policies need to be …
Persistent link: https://www.econbiz.de/10012547063
measures adopted by the German government. Based on a spatio-temporal endemic-epidemic model we show that in retrospective … in Germany on the early stages of the epidemic, is not optimal. …
Persistent link: https://www.econbiz.de/10012252397