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Transfers vs Credit Policy : Macroeconomic Policy Trade-Offs During Covid-19

Bigio, Saki - 2020

The Covid-19 crisis has lead to a reduction in the demand and supply of sectors that produce goods that need social interaction to be produced or consumed. We interpret the Covid-19 shock as a shock that reduces utility stemming from “social” goods in a two-sector economy with incomplete...

Persistent link: https://www.econbiz.de/10012834467

Health vs. Wealth? Public Health Policies and the Economy During Covid-19

Lin, Zhixian - 2020

We study the impact of non-pharmaceutical policy interventions (NPIs) like “stay-at-home” orders on the spread of infectious disease. Local policies have little impact on the economy nor on local public health. Stay-at-home is only weakly associated with slower growth of Covid-19 cases....

Persistent link: https://www.econbiz.de/10012835108

Health Versus Wealth : On the Distributional Effects of Controlling a Pandemic

Glover, Andrew - 2020

To slow COVID-19, many countries have shut down part of the economy. Older individuals have the most to gain from slowing virus diffusion. Younger workers in sectors that are shuttered have most to lose. In this paper, we build a model in which economic activity and disease progression are...

Persistent link: https://www.econbiz.de/10012835757

Optimal Mitigation Policies in a Pandemic : Social Distancing and Working from Home

Jones, Callum - 2020

We study the response of an economy to an unexpected epidemic. Households mitigate the spread of the disease by reducing consumption, reducing hours worked, and working from home. Working from home is subject to learning-by-doing and the capacity of the health care system is limited. A social...

Persistent link: https://www.econbiz.de/10012837189

Initial Impacts of the Pandemic on Consumer Behavior : Evidence from Linked Income, Spending, and Savings Data

Bachas, Natalie - 2020

We use U.S. household-level bank account data to investigate the heterogeneous effects of the pandemic on spending and savings. Households across the income distribution all cut spending from March to early April. Since mid April, spending has rebounded most rapidly for low-income households. We...

Persistent link: https://www.econbiz.de/10012826647

Modeling the Consumption Response to the Cares Act

Carroll, Christopher D.; Crawley, Edmund; Slacalek, Jiri; … - 2021

To predict the effects of the 2020 U.S. CARES Act on consumption, we extend a model that matches responses to past consumption stimulus packages. The extension allows us to account for two novel features of the coronavirus crisis. First, during lockdowns, many types of spending are undesirable...

Persistent link: https://www.econbiz.de/10013244382

Unintended Consequences from Nested State & Federal Regulations : the Case of the Pavley Greenhouse-Gas-Per-Mile Limits

Goulder, Lawrence H. - 2009

Fourteen U.S. states recently pledged to adopt limits on greenhouse gases (GHGs) per mile of light-duty automobiles. Previous analyses predicted this action would significantly reduce emissions from new cars in these states, but ignored possible offsetting emissions increases from policy-induced...

Persistent link: https://www.econbiz.de/10013156421

Fluctuations in Overseas Travel by Americans, 1820 to 2000

Dupont, Brandon - 2010

. These fluctuations in travel around the robust, long term upward trend are the focus of this paper. We first identify those … fluctuations in the raw data and then try to explain the pattern of overseas travel in a quantitative way. As we show, despite the … impact of a myriad of episodic events, the fluctuations in travel can be explained to a large extent by changes in the direct …

Persistent link: https://www.econbiz.de/10012757617

The American Invasion of Europe : The Long Term Rise in Overseas Travel, 1820-2000

Dupont, Brandon - 2010

's establishing special accounts on travel and tourism. In this paper we investigate the long term rise in overseas travel by … as mass tourism. We document this rise by compiling a long term series on overseas travel, and describe the changes in …Tourism today is an activity of substantial economic importance worldwide, and has been for some time. Tourism is also …

Persistent link: https://www.econbiz.de/10012759330

Long Workweeks and Strange Hours

Hamermesh, Daniel S. - 2014

American workweeks are long compared to other rich countries'. Much less well-known is that Americans are more likely to work at night and on weekends. We examine the relationship between these two phenomena using the American Time Use Survey and time-diary data from 5 other countries. Adjusting...

Persistent link: https://www.econbiz.de/10013047783

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