We embed a lockdown choice in a simplified epidemiological model and derive formulas for the optimal lockdown intensity … discovery, learning effects in the health care sector, and the severity of output losses due to a lockdown. In our baseline …

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 …

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 …

We study the problem of a policymaker who aims at taming the spread of an epidemic while minimizing its associated … numerical experiments illustrating the structure of the optimal lockdown policy. In all our experiments the latter is … characterized by three distinct periods: the epidemic is first let freely evolve, then vigorously tamed, and finally a less …

characterize equilibrium, optimal outcomes, static and dynamic externalities, and prove the following: (i) A lockdown generically … arrives deterministically, optimal policy is dis-continuous, featuring a light/strict lockdown when the arrival date exceeds …/falls short of a specific value. Calibrated to the ongoing COVID-19 pandemic the baseline model and a battery of robustness checks …

This paper employs the most recent Input Output tables to discuss the Italian lockdown after the COVID-19 epidemics. We …. However, we find that the lockdown of industries such as construction, real estate and manufacture of basic metals reveal a …