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 …

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 …

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 …