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Influenza and air pollution each pose significant public health risks with large global economic consequences. The common pathways through which each harms health presents an interesting case of compounding risk via interacting externalities. Using instrumental variables based on changing wind...
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No. We document two empirical facts for the U.S. life insurance sector during the 1918–19 Influenza pandemic. First, we find no significant differences among U.S. insurers’ profitability after 1918. Second, there were fewer insurers in distress after the pandemic outbreak. Using synthetic...
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understand the role of testing and case-dependent quarantine. Our model nests the SEIR model. During a period of asymptomatic … infection, testing can reveal infection that otherwise would only be revealed later when symptoms develop. Along with those … on whether a case is unknown, known positive, known negative, or recovered. Testing therefore makes possible the …
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We study the impact of the 1918 Spanish Flu on U.S. stock prices. We use the death rate to control for the impact of the global pandemic and war news reported in the New York Times to capture the positive effects of the end of World War I on stock prices. Using a new weekly hand collected NYSE...
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