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A universal testing and isolation policy is the most viable way to vanquish a pandemic. Its implementation requires: (i … economic fallout of the pandemic …
Persistent link: https://www.econbiz.de/10012252486
activity around the world. We present a parsimonious two-country-SIR model with some degree of substitutability between home … and foreign goods, and show that trading partners' asynchronous entries into the global pandemic induce mutual welfare … opportunities to contain the spread of the pandemic. We characterize the Nash game of strategic choices of containment policies as a …
Persistent link: https://www.econbiz.de/10012392567
pandemic fades, unrest may reemerge in locations where it previously existed …
Persistent link: https://www.econbiz.de/10012517929
We quantify the macroeconomic effects of COVID-19 for a small open economy by calibrating a SIR-multi-sector-macro model. We measure sectoral supply shocks utilizing teleworking and physical job proximity, and demand shocks with credit card purchases. Both shocks are also affected from changing...
Persistent link: https://www.econbiz.de/10012299359
factors. However, our granular analysis using high-frequency (daily) data indicates that the COVID-19 pandemic has had a … economies, which may reflect the greater severity of the pandemic and depth of the ensuing economic crisis in these countries as …
Persistent link: https://www.econbiz.de/10012392655
pandemic may be larger than those flowing from the historical pandemics in our sample, and larger than those following typical …
Persistent link: https://www.econbiz.de/10012613506
COVID-19 has had a disruptive economic impact in 2020, but how long its impact will persist remains unclear. We offer a prognosis based on an analysis of the effects of five previous major epidemics in this century. We find that these pandemics led to significant and persistent reductions in...
Persistent link: https://www.econbiz.de/10012613687
information campaigns - rather than stay-at-home requirements. Using past coronavirus outbreaks as an instrumental variable, we …
Persistent link: https://www.econbiz.de/10012604786
While the COVID-19 pandemic is affecting all countries, output losses vary considerably across countries. We provide a …
Persistent link: https://www.econbiz.de/10012517923
Persistent link: https://www.econbiz.de/10012796638