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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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Public attention and policy responses to COVID-19 pandemic
Aksoy, Cevat Giray; Ganslmeier, Michael; Poutvaara, Panu - 2020
Early non-pharmaceutical interventions (NPI) significantly reduced the death toll of the COVID-19 pandemic. Yet, there are vast differences in how quickly governments implemented NPIs. In this paper, we analyze the role of public attention, measured as the share of daily Google searches in a...
Persistent link: https://www.econbiz.de/10012241067
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SCARE: when economics meets epidemiology with COVID-19
Palma, André de; Picard, Natalie; Proost, Stef - 2020
We develop an epidemic model to explain and predict the dynamics of the SARS-CoV-2 virus and to assess the economic … costs of lockdown scenarios. The standard epidemic three-variable model, SIR (Susceptible, Infected and Removed) is extended … epidemic results on hospital, morbidity and mortality together with macroeconomic impacts show that the total net benefits of …
Persistent link: https://www.econbiz.de/10012291861
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Globalization and outbreak of COVID-19 : an empirical analysis
Farzanegan, Mohammad Reza; Feizi, Mehdi; Fereidouni, … - 2020
The purpose of this study is to examine the relationship between globalization, Coronavirus Disease 2019 (COVID-19 … cannot explain cross-country differences in COVID-19 confirmed deaths. The fatalities of coronavirus are mostly explained by …
Persistent link: https://www.econbiz.de/10012219663
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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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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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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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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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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