Showing 1 - 10 of 28
We present a Simple SIR Macro Model to study the economic impact of an epidemic in a model were agent types are unobservable. We solve for the decentralized economy equilibrium and for optimal solution (subject to the constraint that the planner cannot differentiate between agent types). We find...
Persistent link: https://www.econbiz.de/10012609537
We applied the SIR-macro model proposed by Eichenbaum et al. (2020) in its complete version to comparatively study the interaction between economic decisions and COVID-19 epidemics in five different Brazilian states: São Paulo (SP), Amazonas (AM), Ceará (CE), Rio de Janeiro (RJ), and...
Persistent link: https://www.econbiz.de/10013162400
How does interconnectedness affect the course of a pandemic? What are the optimal withinand between-state containment policies? We embed a spatial SIR model into a multi-sector quantitative trade model. We calibrate it to US states and the COVID-19 pandemic and find that interconnectedness...
Persistent link: https://www.econbiz.de/10012546119
This paper studies the interaction between epidemiological dynamics and the dynamics of economic activity in a demand-driven model in the structuralist/post-Keynesian tradition. On the one hand, rising aggregate demand increases the contact rate and therefore the probability of exposure to a...
Persistent link: https://www.econbiz.de/10012660440
Elections define representative democracies, but also produce spikes in physical mobility if voters need to travel to electoral rooms. In this paper, we examine whether large-scale, in-person elections propagate the spread of COVID-19. We exploit a natural experiment from the Czech Republic...
Persistent link: https://www.econbiz.de/10012589175
We examine how policymakers react to a pandemic with uncertainty regarding key epidemiological parameters by embedding a macroeconomic SIR model in a robust control framework. We find that optimal policy under uncertainty generates optimal mitigation responses that are asymmetric with respect to...
Persistent link: https://www.econbiz.de/10013231299
This paper studies how wealth and health inequalities have interacted with the Covid-19 epidemic in a way that has reinforced inequalities in income, savings, epidemic risk and even individual preventive behaviors. We present in more detail two papers and their theoretical and empirical results....
Persistent link: https://www.econbiz.de/10013273921
TANF and SNAP cases increased by 3.4 million between March and June 2020, their largest quarterly increase ever. This paper explores trends on the caseload growth and pandemic policies during the COVID-19 pandemic. TANF and SNAP caseloads initially rose sharply by 10 and 18 percent, but...
Persistent link: https://www.econbiz.de/10013244534
This paper studies the interaction between epidemiological dynamics and the dynamics of economic activity in a simple model in the structuralist/post-Keynesian tradition. On the one hand, rising economic activity increases the contact rate and therefore the probability of exposure to a virus. On...
Persistent link: https://www.econbiz.de/10013246345
Facing unprecedented uncertainty and drastic trade-offs between public health and other forms of human well-being, policy makers during the Covid-19 pandemic have sought the guidance of epidemiologists and economists. Unfortunately, while both groups of scientists use many of the same basic...
Persistent link: https://www.econbiz.de/10012698097