The macroeconomics of epidemics / Martin S. Eichenbaum, Sergio Rebelo, Mathias Trabandt. [recurso electrónico]
Tipo de material:
TextoSeries NBER working paper series ; no. 26882Detalles de publicación: Cambridge, Mass. : National Bureau of Economic Research, 2020Descripción: 1 recurso en línea (46 p.)Tema(s): Recursos en línea: Resumen: We extend the canonical epidemiology model to study the interaction between economic decisions
and epidemics. Our model implies that people ís decision to cut back on consumption and work reduces
the severity of the epidemic, as measured by total deaths. These decisions exacerbate the size of the
recession caused by the epidemic. The competitive equilibrium is not socially optimal because infected
people do not fully internalize the effect of their economic decisions on the spread of the virus. In our
benchmark model, the best simple containment policy increases the severity of the recession but saves
roughly half a million lives in the U.S.
| Tipo de ítem | Biblioteca actual | Signatura topográfica | Estado | Fecha de vencimiento | Código de barras | |
|---|---|---|---|---|---|---|
Libro electrónico
|
Biblioteca Manuel Belgrano | Recurso en línea (Navegar estantería(Abre debajo)) | Disponible |
Bibliografía: p. 29-31.
We extend the canonical epidemiology model to study the interaction between economic decisions
and epidemics. Our model implies that people ís decision to cut back on consumption and work reduces
the severity of the epidemic, as measured by total deaths. These decisions exacerbate the size of the
recession caused by the epidemic. The competitive equilibrium is not socially optimal because infected
people do not fully internalize the effect of their economic decisions on the spread of the virus. In our
benchmark model, the best simple containment policy increases the severity of the recession but saves
roughly half a million lives in the U.S.
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