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An Economic Model of the Covid-19 Epidemic : The Importance of Testing and Age-Specific Policies

Brotherhood, Luiz Mário - 2020

This paper investigates the role of testing and age-composition in the Covid-19 epidemic. We augment a standard SIR epidemiological model with individual choices regarding how much time to spend working and consuming outside the house, both of which increase the risk of transmission. Individuals...

Persistent link: https://www.econbiz.de/10012832194

Multi-dimensional transitional dynamics: a simple numberical procedure

Trimborn, Timo; Koch, Karl-Josef; Steger, Thomas M. - 2006

We propose the relaxation algorithm as a simple and powerful method for simulating the transition process in growth models. This method has a number of important advantages: (1) It can easily deal with a wide range of dynamic systems including stiff differential equations and systems giving rise...

Persistent link: https://www.econbiz.de/10010263935

Modeling institutions, start-ups and productivity during transition

Brixiova, Zuzana; Égert, Balázs - 2010

The transition paths from plan to market have varied markedly across countries. Central and Eastern European and the Baltic countries, which opted for a fast and profound transformation of their institutions including business climates, rapidly narrowed the productivity gap with advanced...

Persistent link: https://www.econbiz.de/10010273819

Risk Matters : Breaking Certainty Equivalence

Parra-Alvarez, Juan Carlos - 2020

first-order approximated solution built by perturbation methods accounts for risk. We show that risk matters economically in …

Persistent link: https://www.econbiz.de/10012834991

Projecting the Spread of COVID19 for Germany

Donsimoni, Jean Roch; Glawion, René; Plachter, Bodo; … - 2020

We model the evolution of the number of individuals that are reported to be sick with COVID-19 in Germany. Our theoretical framework builds on a continuous time Markov chain with four states: healthy without infection, sick, healthy after recovery or after infection but without symptoms and...

Persistent link: https://www.econbiz.de/10012207948

Should Contact Bans Be Lifted in Germany? A Quantitative Prediction of Its Effects

Donsimoni, Jean Roch; Glawion, René; Plachter, Bodo; … - 2020

Many countries consider the lifting of restrictions of social contacts (RSC). We quantify the effects of RSC for Germany. We initially employ a purely statistical approach to predicting prevalence of COVID19 if RSC were upheld after April 20. We employ these findings and feed them into our...

Persistent link: https://www.econbiz.de/10012208007

An Economic Model of the Covid-19 Epidemic: The Importance of Testing and Age-Specific Policies

Brotherhood, Luiz; Kircher, Philipp; Santos, Cezar; … - 2020

Persistent link: https://www.econbiz.de/10012227656

Should Contact Bans Be Lifted in Germany? A Quantitative Prediction of its Effects

Donsimoni, Jean Roch - 2020

Persistent link: https://www.econbiz.de/10012835655

Projecting the Spread of COVID19 for Germany

Donsimoni, Jean Roch - 2020

Persistent link: https://www.econbiz.de/10012837989

On identification of Bayesian DSGE models

Koop, Gary; Pesaran, Mohammad Hashem; Smith, Ron P. - 2011

equilibrium (DSGE) models. Given the structure of DSGE models it may be difficult to determine whether a parameter is identified … not suffer from this difficulty and are relatively easy to compute. The first applies to DSGE models where the parameters … estimators. These results are illustrated by means of simple DSGE models. …

Persistent link: https://www.econbiz.de/10010276281