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The Eurocrisis : Muddling Through, or On the Way to a More Perfect Euro Union?
Aizenman, Joshua - 2014
institutions. The euro has operated as a currency without a state, under the dominance of Germany. This has so far allowed the euro … to achieve a number of design objectives, and this may continue, as long as Germany does not shirk its growing … responsibility for the euro's future. Germany's resilience and dominant size within the EU may explain its "muddling …
Persistent link: https://www.econbiz.de/10012458424
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Polarization and Public Health : Partisan Differences in Social Distancing during the Coronavirus Pandemic
Allcott, Hunt - 2020
We study partisan differences in Americans' response to the COVID-19 pandemic. Political leaders and media outlets on the right and left have sent divergent messages about the severity of the crisis, which could impact the extent to which Republicans and Democrats engage in social distancing and...
Persistent link: https://www.econbiz.de/10012481903
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A Simple Planning Problem for COVID-19 Lockdown
Alvarez, Fernando E. - 2020
We study the optimal lockdown policy for a planner who wants to control the fatalities of a pandemic while minimizing the output costs of the lockdown. We use the SIR epidemiology model and a linear economy to formalize the planner's dynamic control problem. The optimal policy depends on the...
Persistent link: https://www.econbiz.de/10012481937
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Building an Epidemiology of Happiness
Helliwell, John F. - 2020
Starting from the assumption that improving well-being is the central consideration for public policies, we show how subjective well-being research can help, and already is helping, to choose public policies based on their consequences for all aspects of life. The core of the paper lies in...
Persistent link: https://www.econbiz.de/10012482314
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Pandemics, Incentives, and Economic Policy : A Dynamic Model
Velasco, Andrés; Chang, Roberto; Martinez, Humberto - National Bureau of Economic Research - 2021
The advent of a pandemic is an exogenous shock, but the dynamics of contagion are very much endogenous --and depend on choices that individuals make in response to incentives. In such an episode, economic policy can make a difference not just by alleviating economic losses but also via...
Persistent link: https://www.econbiz.de/10012510515
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Optimal Mitigation Policies in a Pandemic : Social Distancing and Working from Home
Jones, Callum J. - 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/10012481940
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COVID-19 Vaccination Mandates and Vaccine Uptake
Karajvanov, Alexander K.; Kim, Dongwoo; Lu, Shih En; … - National Bureau of Economic Research - 2021
France, Italy and Germany corroborates this finding, and we estimate cumulative gains of up to 5 percentage points in … (around 6 mln) and Germany (around 3.5 mln) 11 to 16 weeks after the proof of vaccination mandate announcements …
Persistent link: https://www.econbiz.de/10012794591
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Panel Forecasts of Country-Level Covid-19 Infections
Liu, Laura - 2020
We use dynamic panel data models to generate density forecasts for daily Covid-19 infections for a panel of countries/regions. At the core of our model is a specification that assumes that the growth rate of active infections can be represented by autoregressive fluctuations around a downward...
Persistent link: https://www.econbiz.de/10012481831
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Data Gaps and the Policy Response to the Novel Coronavirus
Stock, James H. - 2020
that are not tested under current guidelines), is not well estimated in the literature because tests for the coronavirus …
Persistent link: https://www.econbiz.de/10012482082
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On the Efficiency of Competitive Equilibria with Pandemics
Chari, Varadarajan V.; Kirpalani, Rishabh; Pérez, Luis - National Bureau of Economic Research - 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/10014250134