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We develop a tractable general theory for the study of the economic and demographic impact of epidemics. In particular … period exogenous shocks to the survival rates. We identify three kinds of epidemics depending on how the epidemic shock …-period epidemic shock has no permanent effect on income distribution, it can perfectly alter it in the short and medium run. We then …
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How should unemployment benefits vary in response to the economic crisis induced by the COVID-19 pandemic? We answer this question by computing the optimal unemployment insurance response to the COVID-induced recession.We compare the optimal policy to the provisions under the CARES Act-which...
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epidemic hazard prediction, we use data from 2014-2019 to compute measures for exposure, vulnerability, and resilience of the … local economy to the shock of an epidemic. Using a battery of proxies for these four concepts, we calculate the hazard (the … zoonotic source of a possible epidemic), the principal components of exposure and vulnerability to it, and of the economy …
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