The response to the covid pandemic has varied widely across countries and over time. In this paper, we analyze the determinants of covid restrictions both theoretically and empirically. Consistent with our model’s predictions, we find that the covid protocol is particularly sensitive to the...

Aggregation may be harmful but cannot always be avoided in the analysis of complex econometric models. It should be carried out intelligently by choosing ein aggregative model optimally for modes of aggregation speeified in advance, i.e. minimizing the bias introduced by aggregation and...