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Countries restrict the overall extent of international travel and migration to balance the expected costs and benefits of mobility. Given the ever-present threat of new, future pandemics, how should permanent restrictions on mobility respond? A simple theoretical framework predicts that reduced...
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We study the problem of a policymaker who aims at taming the spread of an epidemic while minimizing its associated … characterized by three distinct periods: the epidemic is first let freely evolve, then vigorously tamed, and finally a less …
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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...
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