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A universal testing and isolation policy is the most viable way to vanquish a pandemic. Its implementation requires: (i … economic fallout of the pandemic …
Persistent link: https://www.econbiz.de/10012252486
explain the epidemic development in the UK, the USA and Brazil through the model lens. Moreover, we show how our model would …
Persistent link: https://www.econbiz.de/10012796794
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We quantify the effect of vaccinations on economic activity in the United States using weekly county level data covering the period end-2020 to mid-2021. Causal effects are identified through instrumenting vaccination rates with county-level pharmacy density interacted with state-level vaccine...
Persistent link: https://www.econbiz.de/10012795132
virus and the economy at the state level during the first wave of the COVID-19 pandemic. We construct a de-facto measure of …
Persistent link: https://www.econbiz.de/10012795136
We study the macroeconomic effects of the COVID-19 epidemic in a quantitative dynamic general equilibrium setup with … play during the epidemic. According to our results, treating the observed output contraction as a standard recession leads … economy and containing the epidemic. If no administrative restrictions are in place, the second motive prevails and, despite …
Persistent link: https://www.econbiz.de/10012795163
pandemic fades, unrest may reemerge in locations where it previously existed …
Persistent link: https://www.econbiz.de/10012517929
The COVID-19 pandemic led many emerging market central banks to adopt, for the first time, unconventional policies in …
Persistent link: https://www.econbiz.de/10012487164
We study how financial frictions amplify labor supply shocks in a macroeconomic model with occasionally binding financing constraints. Workers supply labor to entrepreneurs who borrow to purchase factors of production. Borrowing capacity is restricted by the value of capital, generating a...
Persistent link: https://www.econbiz.de/10012302066