Gagnon, Etienne; Johannsen, Benjamin K.; Lopez-Salido, David - 2020
We use an overlapping generation model to explore the implications of mortality during pandemics for the economy …'s productive capacity. Under current epidemiological projections for the progression of COVID-19, our model suggests that mortality … will have, in itself, at most small effects on output and factor prices. The reason is that projected mortality is small in …