Bodenstein, Martin; Corsetti, Giancarlo; Guerrieri, Luca - In: Quantitative economics : QE ; journal of the … 13 (2022) 2, pp. 681-721
We integrate an epidemiological model, augmented with contact and mobility analyses, with a two‐sector macroeconomic model, to assess the economic costs of labor supply disruptions in a pandemic. The model is designed to capture key characteristics of the U.S. input-output tables with a core...