This paper uses the 1918 influenza pandemic in Taiwan as a natural experiment to test whether in utero conditions affect long-run developmental outcomes. Combining several historical and current datasets, we find that cohorts in utero during the pandemic are shorter as child/teenagers, less...

I jointly use daily data on deaths and public transportation ridership in San Francisco in 1918-19 to estimate a model in which agents choose their level of economic activity based on perceived infection risk, modeled as a function of current and lagged infections or deaths. Agents' choices in...

I jointly use daily data on deaths and public transportation ridership in San Francisco in 1918–19 to estimate a model in which agents choose their level of economic activity based on perceived infection risk, modeled as a function of current and lagged infections or deaths. Agents’ choices...

Since 2021, vaccinations for Coronavirus Disease 2019 (COVID-19) are more and more a health policy to cope with on-going pandemic crisis. Is this policy response enough to stop the diffusion of novel coronavirus and reduce the negative impact in society? The goal of this study here is to...

Using a novel dataset provided by the Connecticut Department of Health (CTDoH), this manuscript shows the necessity for and added utility from analyzing disaggregated COVID-19 outcome data for applied research. Connecticut is currently ranked the fourth highest state in death rates per 100,000...

Burns and Mitchell (1946, 109) found a recession of “exceptional brevity and moderate amplitude.” I confirm their judgment by examining a variety of high-frequency, aggregate and cross-sectional data. Industrial output fell sharply but rebounded within months. Retail seemed little affected...

During a pandemic or other disaster, public visibility of the supply chain can be useful for controlling the symptoms of coordination failure, such as panic and hoarding, that arise from the desire for quantity assurance by various sectors of the economy. It is also important for efficient...

How do pandemics affect urban housing markets? This paper studies historical outbreaks of the plague in 17th-century Amsterdam and cholera in 19th-century Paris to answer this question. Based on micro-level transaction data, we show outbreaks resulted in large declines in house prices, and...

An increasing body of recent literature focuses on how stock market investor sentiment fluctuates during the pandemic. However, a topic insufficiently addressed is related to investigating the changes occurred in the economic sentiment and expectations during COVID-19 pandemic, as a broader...