Similar Search Results

Implications of Stochastic Transmission Rates for Managing Pandemic Risks

Hong, Harrison G. - 2020

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 …

Persistent link: https://www.econbiz.de/10012833123

Economic Uncertainty Before and During the Covid-19 Pandemic

Altig, David - 2020

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 …

Persistent link: https://www.econbiz.de/10012830476

On the Efficiency of Competitive Equilibria with Pandemics

Chari, Varadarajan V.; Kirpalani, Rishabh; Pérez, Luis - 2023

The epidemiological literature suggests that virus transmission occurs only when individuals are in relatively close contact. We show that if society can control the extent to which economic agents are exposed to the virus and agents can commit to contracts, virus externalities are local, and...

Persistent link: https://www.econbiz.de/10014357916

Natural Disasters and Elective Medical Services : How Big is the Bounce-Back?

Deryugina, Tatyana - 2020

COVID-19 has created a dual set of stresses on health care systems worldwide: a rise in expensive intensive care services and a dramatic decline in elective services. The U.S. government has responded with both grant and loan programs to help health care providers weather the storm. But the...

Persistent link: https://www.econbiz.de/10012828468

Electoral Concerns Reduce Restrictive Measures During the Covid-19 Pandemic

Pulejo, Massimo - 2020

The outbreak of COVID-19 has called for swift action by governments, often involving the adoption of restrictive measures such as lockdowns. In this context, leaders have faced a trade-off between imposing stringent measures to limit the contagion, and minimizing the costs on their national...

Persistent link: https://www.econbiz.de/10012828469

Early Evidence on the Impact of COVID-19 and the Recession on Older Workers

Bui, Truc - 2020

We summarize some of the early effects and discuss possible future effects of the COVID-19 pandemic and recession on … effects of the COVID-19 pandemic and recession on employment and unemployment rates by age group and sex using Current …

Persistent link: https://www.econbiz.de/10012829784

Fear, Lockdown, and Diversion : Comparing Drivers of Pandemic Economic Decline 2020

Goolsbee, Austan D. - 2020

The collapse of economic activity in 2020 from COVID-19 has been immense. An important question is how much of that resulted from government restrictions on activity versus people voluntarily choosing to stay home to avoid infection. This paper examines the drivers of the collapse using cellular...

Persistent link: https://www.econbiz.de/10012829790

COVID-19 and the Demand for Online Food Shopping Services : Empirical Evidence from Taiwan

Chang, Hung-hao - 2020

We investigate how the coronavirus pandemic affected the demand for online food shopping services using data from the …

Persistent link: https://www.econbiz.de/10012829792

Implications of the Covid-19 Pandemic for State Government Tax Revenues

Clemens, Jeffrey - 2020

We assess the Covid-19 pandemic's implications for state government sales and income tax revenues. We estimate that the …. These include other revenues (e.g., university tuition and fees) that are also at risk, as well as assets (e.g., pension … plan holdings) that are at risk. Further dimensions of context include support enacted through several pieces of federal …

Persistent link: https://www.econbiz.de/10012829793

What Jobs are Being Done at Home During the COVID-19 Crisis? Evidence from Firm-Level Surveys

Bartik, Alexander - 2020

The threat of COVID-19 has increased the health risks of going to an office or factory, leading more workers to do their jobs remotely. In this paper, we provide results from firm surveys on both small and large businesses on the prevalence and productivity of remote work, and expectations about...

Persistent link: https://www.econbiz.de/10012829794