We develop a model of pandemic risk management and firm valuation. We introduce aggregate transmission shocks into an … epidemic model and link valuations to infections via an asset-pricing framework with vaccines. Infections lower earnings growth … during a pandemic. Valuations would be significantly lower absent mitigation and a high vaccine arrival rate …

The COVID-19 pandemic triggered a large and immediate drop in employment among US workers, along with major expansions … second year of the pandemic. We find ongoing improvements in employment outcomes among older workers in the labor force … retirement benefit claiming has rebounded to pre-pandemic levels, but has shifted from offline to online applications …

The COVID-19 pandemic has forced federal, state and local policymakers to respond by legislating, enacting, and … pandemic reduces the impact of these policies. Our results imply that while social distancing policies do lead to reductions in …

We consider several economic uncertainty indicators for the US and UK before and during the COVID-19 pandemic: implied … emerge. First, all indicators show huge uncertainty jumps in reaction to the pandemic and its economic fallout. Indeed, most …

. Analyses in this paper suggest that the expected annual cost of pandemic influenza falls in the same range as does that of … very severe flu pandemic akin to the one of 1918. Even a moderately severe pandemic, of which at least 6 have occurred … from a severe pandemic at 4-5% of global GNI. The economics literature points to a very high intrinsic value of mortality …

We study the role of global supply chains in the impact of the Covid-19 pandemic on GDP growth for 64 countries. We …, "renationalization" of global supply chains does not in general make countries more resilient to pandemic-induced contractions in labor … lockdowns. In fact, trade can insulate a country imposing a stringent lockdown from the pandemic-shock, as its foreign inputs …

the distribution of UI benefits after the uniform $600 Federal Pandemic Unemployment Compensation (FPUC) supplement …

path during such outbreaks. When the epidemic is more infectious and fatal, the Bayesian-optimal sample size in the … and the regulatory approval process to the specific parameters and stage of the epidemic …