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Pandemics, Vaccines and an Earnings Damage Function
Hong, Harrison G.; Kubik, Jeffrey D.; Wang, Neng; Xu, Xu; … - 2021
We derive a parsimonious model of damage to corporate earnings from COVID-19. Using measures of expected damage from industry-level earnings forecast revisions, we estimate this model with nonlinear least squares and identifying restrictions related to forecast rationality. Forecasts in mid-May...
Persistent link: https://www.econbiz.de/10013245116
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The Impact of the Covid-19 Vaccine Distribution on Mental Health Outcomes
Agrawal, Virat; Cantor, Jonathan; Sood, Neeraj; Whaley, … - 2022
Bureau’s Household Pulse Survey merged to state-level COVID-19 vaccination eligibility data to estimate the secondary … benefits of COVID-19 vaccination on mental health outcomes. To address endogenous COVID-19 vaccination, we leverage state …-level variation in the timing of when age groups are eligible for vaccination. We estimate that COVID-19 vaccination reduces anxiety …
Persistent link: https://www.econbiz.de/10013309699
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The Macroeconomics of Epidemics
Eichenbaum, Martin - 2020
We extend the canonical epidemiology model to study the interaction between economic decisions and epidemics. Our model implies that people's decision to cut back on consumption and work reduces the severity of the epidemic, as measured by total deaths. These decisions exacerbate the size of the...
Persistent link: https://www.econbiz.de/10012838980
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Does Disease Cause Vaccination? Disease Outbreaks and Vaccination Response
Oster, Emily F. - 2016
Childhood vaccinations are an important input to disease prevention, but vaccination rates have declined over the last … impact. Anecdotal evidence on disease outbreaks suggests that they may prompt vaccination behavior. I use newly compiled data … vaccination rate increases among children at school entry following an outbreak in the year prior. A large outbreak in the county …
Persistent link: https://www.econbiz.de/10012985902
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Optimal Vaccine Subsidies for Endemic and Epidemic Diseases
Goodkin-Gold, Matthew; Kremer, Michael; Snyder, … - 2021
vaccination with a perfectly effective vaccine becomes a viable firm strategy: the marginal consumer is still willing to pay since … those infected before vaccine rollout remain a source of transmission. We derive a simple condition under which vaccination …
Persistent link: https://www.econbiz.de/10013221965
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Corporate Immunity to the Covid-19 Pandemic
Ding, Wenzhi; Levine, Ross; Lin, Chen; Xie, Wensi - 2021
Using data on over 6,000 firms across 56 economies during the first quarter of 2020, we evaluate the connection between corporate characteristics and stock price reactions to COVID-19 cases. We find that the pandemic-induced drop in stock prices was milder among firms with (a) stronger pre-2020...
Persistent link: https://www.econbiz.de/10013224962
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The Economic Case for Global Vaccinations : An Epidemiological Model with International Production Networks
Çakmaklı, Cem; Demiralp, Selva; Kalemli-Ozcan, Sebnem; … - 2021
pandemic in 2021 are borne by the advanced economies even if they achieve universal vaccination in their own countries …
Persistent link: https://www.econbiz.de/10013249370
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Using Donald Trump's COVID-19 Vaccine Endorsement to Give Public Health a Shot in the Arm : A Large-Scale Ad Experiment
Larsen, Bradley; Hetherington, Marc; Greene, Steven; … - 2022
We report a large-scale randomized controlled trial designed to assess whether the partisan cue of a provaccine message from Donald Trump would induce Americans to get COVID-19 vaccines. Our study involved presenting a 27-second advertisement to millions of U.S. YouTube users in October 2021....
Persistent link: https://www.econbiz.de/10013291777
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Testing Fractional Doses of Covid-19 Vaccines
Więcek, Witold; Ahuja, Amrita; Chaudhuri, Esha; … - 2021
to investing in parallel in multiple approaches to accelerating vaccination. We argue there are high expected social …
Persistent link: https://www.econbiz.de/10013213673
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A Cost/Benefit Analysis of Clinical Trial Designs for Covid-19 Vaccine Candidates
Berry, Donald; Berry, Scott; Hale, Peter; Isakov, Leah; … - 2021
We compare and contrast the expected duration and number of infections and deaths averted among several designs for clinical trials of COVID-19 vaccine candidates, including traditional randomized clinical trials and adaptive and human challenge trials. Using epidemiological models calibrated to...
Persistent link: https://www.econbiz.de/10013243386