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We embed a lockdown choice in a simplified epidemiological model and derive formulas for the optimal lockdown intensity and duration. The optimal policy reflects the rate of time preference, epidemiological factors, the hazard rate of vaccine discovery, learning effects in the health care...
Persistent link: https://www.econbiz.de/10012206448
The coronavirus crisis that started in December 2019 was declared a pandemic by March 2020 and had devastating global … effective vaccines. While many governments implemented lockdowns to counter the pandemic, others did not let the virus halt … economic activity. In this paper, we use a Bayesian Vector Autoregressive framework to study the effects of the pandemic on …
Persistent link: https://www.econbiz.de/10012792445
The impact of the Covid-19 pandemic on international trade varies along several dimensions, including the type of … pandemic along another, previously unexplored dimension, the mode of transportation. Analyzing daily data from New Zealand, I … find that the value of seaborne exports and imports increases relative to shipments by air during pandemic lockdowns. While …
Persistent link: https://www.econbiz.de/10013252679
/falls short of a specific value. Calibrated to the ongoing COVID-19 pandemic the baseline model and a battery of robustness checks …
Persistent link: https://www.econbiz.de/10012388160
Persistent link: https://www.econbiz.de/10012512826
The COVID-19 pandemic and its mobility restrictions have been an external shock, influencing wellbeing. However, does … differential timing of the effect of the pandemic across European countries, and the different stringency of lockdown to examine … lockdown took effect. However, such effects are wiped out when a country exhibits high mortality ('pandemic category 5'). Hence …
Persistent link: https://www.econbiz.de/10013255936
Persistent link: https://www.econbiz.de/10013177823
Lockdowns imposed to fight the Covid-19 pandemic have cross-border effects. In this paper, we estimate the empirical … first wave of the pandemic. Countries with a higher export share are particularly exposed to lockdown spillovers. …
Persistent link: https://www.econbiz.de/10013185744
Persistent link: https://www.econbiz.de/10012694081
. Our ndings have implications for the policy response to Covid-19 and suggest that the eventual death toll of the pandemic … may be understated if the impact of the coronavirus recession is neglected. …
Persistent link: https://www.econbiz.de/10012387051