Showing 1 - 10 of 1,502
Persistent link: https://www.econbiz.de/10012796638
explain the epidemic development in the UK, the USA and Brazil through the model lens. Moreover, we show how our model would … have predicted that a super infectious variant, such as the delta, would spread and argue that current vaccination levels … in many countries are not enough to curb other waves of infections in the future. Finally, we briefly discuss the …
Persistent link: https://www.econbiz.de/10012796794
covering the period end-2020 to mid-2021. Causal effects are identified through instrumenting vaccination rates with county …. Specifically, an increase of initiated vaccination rates of 1 percentage point increases weekly consumer spending by 0.6 percent …
Persistent link: https://www.econbiz.de/10012795132
Persistent link: https://www.econbiz.de/10012796628
; and (ii) state intervention to ramp up production, similar to True Industrial Policy (TIP), on a global level to achieve a …
Persistent link: https://www.econbiz.de/10012252486
Quick vaccine rollouts are crucial for a strong economic recovery, but vaccine hesitancy could prolong the pandemic and the need for social distancing and lockdowns. We use individual-level data from nationally representative surveys developed by YouGov and Imperial College London to empirically...
Persistent link: https://www.econbiz.de/10012613484
activity around the world. We present a parsimonious two-country-SIR model with some degree of substitutability between home … and foreign goods, and show that trading partners' asynchronous entries into the global pandemic induce mutual welfare … containment policies that aim at optimizing global welfare further enhances the ability of countries to exploit trade …
Persistent link: https://www.econbiz.de/10012392567
We quantify the macroeconomic effects of COVID-19 for a small open economy by calibrating a SIR-multi-sector-macro model. We measure sectoral supply shocks utilizing teleworking and physical job proximity, and demand shocks with credit card purchases. Both shocks are also affected from changing...
Persistent link: https://www.econbiz.de/10012299359
This paper investigates the impact of infectious diseases on the evolution of sovereign credit default swap (CDS) spreads for a panel of 77 advanced and developing countries. Using annual data over the 2004-2020 period, we find that infectious-disease outbreaks have no discernible effect on CDS...
Persistent link: https://www.econbiz.de/10012392655
This paper provides evidence on the impact of major epidemics from the past two decades on income distribution. The pandemics in our sample, even though much smaller in scale than COVID-19, have led to increases in the Gini coefficient, raised the income share of higher-income deciles, and...
Persistent link: https://www.econbiz.de/10012613506