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This paper studies how wealth and health inequalities have interacted with the Covid-19 epidemic in a way that has reinforced inequalities in income, savings, epidemic risk and even individual preventive behaviors. We present in more detail two papers and their theoretical and empirical results....
Persistent link: https://www.econbiz.de/10014081420
We embed an extension of the canonical epidemiology model in a New Keynesian model with uninsurable income risk. In our framework, two factors contribute to making consumption less sensitive to real interest rate changes in a pandemic. First, individuals are less willing to take advantage of...
Persistent link: https://www.econbiz.de/10012822469
COVID-19 has spread globally, and most countries have adopted extraordinary measures to mitigate its effects on public health. These include bringing part of economic activity to a standstill and the confinement of the population, and they are exerting a most severe contractionary effect on GDP...
Persistent link: https://www.econbiz.de/10014094374
We integrate an epidemiological model, augmented with contact and mobility analyses, with a two‐sector macroeconomic model, to assess the economic costs of labor supply disruptions in a pandemic. The model is designed to capture key characteristics of the U.S. input-output tables with a core...
Persistent link: https://www.econbiz.de/10013382044
Using a logistic model of cumulative cases and deaths it would soon become possible to give estimates to the final numbers of cases and deaths that are likely on account of COVID19, for countries which have gone through about 60+ days since the first cases were recorded. Such estimates assume...
Persistent link: https://www.econbiz.de/10012837959
How does interconnectedness affect the course of a pandemic? What are the optimal withinand between-state containment policies? We embed a spatial SIR model into a multi-sector quantitative trade model. We calibrate it to US states and the COVID-19 pandemic and find that interconnectedness...
Persistent link: https://www.econbiz.de/10012546119
This paper investigates the role of large-outbreaks on the persistence of COVID-19 over time. Using data from 649 European regions in 14 countries, I first show that school-breaks in late February/early March (weeks 8, 9 and 10) led to large regional outbreaks of COVID-19 in the spring with the...
Persistent link: https://www.econbiz.de/10013247872
The COVID-19 is having an unprecedented impact in the commercial and trade sphere globally. Businesses of all sizes are finding it difficult to operate efficiently and many struggle to meet contractual obligations. Agency is a ubiquitous concept in trade and commerce. The sudden implosion of...
Persistent link: https://www.econbiz.de/10014101483
One of the main purposes of recent healthcare reform (Patient Protection and Affordable Care Act - ACA) in the U.S. is to enable Americans to make more productive use of their time. We examine how the ACA's dependent care coverage mandate (DCM) affected young adults' time allocation. Based on...
Persistent link: https://www.econbiz.de/10012999026