The macroeconomics of epidemics /

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 re...

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Bibliographic Details
Main Author: Eichenbaum, Martin S., 1954-
Other Authors: Rebelo, Sergio, Trabandt, Mathias
Format: eBook
Language:English
Published: Cambridge, Mass. : National Bureau of Economic Research, 2020
Series:NBER working paper series ; no. 26882
Subjects:
Online Access:https://www.nber.org/papers/w26882.pdf