Hansen, Niels-Jakob Harbo; Mano, Rui - 2021
We quantify the effect of vaccinations on economic activity in the United States using weekly county level data … covering the period end-2020 to mid-2021. Causal effects are identified through instrumenting vaccination rates with county … control for unobserved factors. We find that vaccinations are a significant and substantial shot in the arm of the economy …
