The common interests of health protection and the economy: evidence from scenario calculations of COVID-19 containment policies

Article Economics

Longer-Run Economic Consequences of Pandemics

Oscar Jorda et al.

Summary: Major pandemics have long-term effects on the economy, depressing rates of return on assets for decades. Unlike wars, pandemics may induce labor scarcity or increased precautionary savings.

REVIEW OF ECONOMICS AND STATISTICS (2022)

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Article Business, Finance

Optimal Mitigation Policies in a Pandemic: Social Distancing and Working from Home

Callum Jones et al.

Summary: The study shows that reducing consumption and office working hours can mitigate the spread of a disease during an unexpected epidemic. The planner's front-loaded mitigation measures reduce cumulative fatalities by 48% compared to 24% by private agents, although with a sharper drop in consumption. The model can explain how large variations in outcomes across regions stem from small initial differences.

REVIEW OF FINANCIAL STUDIES (2021)

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Article Economics

Internal and external effects of social distancing in a pandemic

Maryam Farboodi et al.

Summary: The study found that implementing optimal policies during the COVID-19 pandemic can effectively reduce the costs of COVID-19 in the United States, and by continuing social distancing, the outbreak of the epidemic can be suppressed.

JOURNAL OF ECONOMIC THEORY (2021)

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Article Economics

Causal impact of masks, policies, behavior on early covid-19 pandemic in the US

Victor Chernozhukov et al.

Summary: The study suggests that policies and information on transmission risks significantly impact the growth rates of Covid-19 cases and deaths. Nationally mandating face masks for employees early in the pandemic could have reduced cases and deaths, while the effects of school closures remain uncertain. The research emphasizes the importance of considering both policies and individual behavioral responses in combating the pandemic.

JOURNAL OF ECONOMETRICS (2021)

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Article Medicine, General & Internal

Development of the reproduction number from coronavirus SARS-CoV-2 case data in Germany and implications for political measures

Sahamoddin Khailaie et al.

Summary: A compartmental infection dynamics model was used to estimate the time-varying reproduction number of viral spreading in Germany and its federal states, showing that the implementation of non-pharmaceutical interventions can reduce the reproduction number, but partial release of interventions may lead to increases. Real-time monitoring of transmission dynamics is crucial for evaluating the outbreak extent, short-term projections for the healthcare system burden, and the response to policy changes.

BMC MEDICINE (2021)

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Article Multidisciplinary Sciences

Extensions of the SEIR model for the analysis of tailored social distancing and tracing approaches to cope with COVID-19

Veronika Grimm et al.

Summary: In the midst of the COVID-19 pandemic, governments are challenged with tailoring epidemic control measures that balance health protection, societal activity, and economic stability. This paper introduces an extended SEIR model to analyze tailored measures, such as group-specific protection and tracing apps. Results highlight the trade-offs between different epidemic control objectives and the effectiveness of combining targeted mechanisms like protecting vulnerable groups and tracing and isolation.

SCIENTIFIC REPORTS (2021)

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Article Economics

Face masks, public policies and slowing the spread of COVID-19: Evidence from Canada *

Alexander Karaivanov et al.

Summary: This study estimated the impact of indoor face mask mandates on COVID-19 case growth in Canada and found that the mandates were associated with a significant reduction in new COVID-19 cases. The simulations suggested that a nationwide mask mandate could have substantially decreased the total number of diagnosed COVID-19 cases. These results highlight the effectiveness of mandating mask wearing in indoor public places as a powerful policy tool to slow the spread of COVID-19.

JOURNAL OF HEALTH ECONOMICS (2021)

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Article Business, Finance

The Macroeconomics of Epidemics

Martin S. Eichenbaum et al.

Summary: The study found that during epidemics, people reduce consumption and work to lower the risk of infection. These decisions alleviate the severity of the epidemic but worsen the economic recession. The socially optimal solution should consider infected individuals not fully internalizing the impact of their economic decisions on virus spread.

REVIEW OF FINANCIAL STUDIES (2021)

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Article Economics

My home is my castle - The benefits of working from home during a pandemic crisis

Jean-Victor Alipour et al.

Summary: Working from home (WFH) during the COVID-19 pandemic in Germany has been found to effectively protect employees from short-time work, shield firms from COVID-19 distress, and significantly reduce infection risks. Counties with a higher proportion of teleworkable jobs experience fewer short-time work registrations and fewer SARS-CoV-2 cases. Increasing WFH uptake at the firm level reduces the likelihood of short-time work registration and negative crisis impact.

JOURNAL OF PUBLIC ECONOMICS (2021)

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Editorial Material Multidisciplinary Sciences