This paper investigates the dynamic impact of social distancing policy on coronavirus disease (COVID-19) infection control, mobility of people, and consumption expenditures in the Republic of Korea. We employ structural and threshold vector autoregressive (VAR) models using big-data-driven...

We analyze the effects of present bias on the deficit and inflation when the government finances the deficit using a seigniorage tax. We also examine how introducing present bias affects the welfare implications of the deficit in the long run. For this, we consider a three-period monetary...