G2TT
来源类型Discussion paper
规范类型论文
来源IDDP14670
DP14670 Internal and External Effects of Social Distancing in a Pandemic
Gregor Jarosch; maryam farboodi; Robert Shimer
发表日期2020-04-28
出版年2020
语种英语
摘要We use a conventional dynamic economic model to integrate individual optimization, equilibrium interactions, and policy analysis into the canonical epidemiological model. Our tractable framework allows us to represent both equilibrium and optimal allocations as a set of differential equations that can jointly be solved with the epidemiological model in a unified fashion. Quantitatively, the laissez-faire equilibrium accounts for the decline in social activity we measure in US micro-data from SafeGraph. Relative to that, we highlight three key features of the optimal policy: it imposes immediate, discontinuous social distancing; it keeps social distancing in place for a long time or until treatment is found; and it is never extremely restrictive, keeping the effective reproduction number mildly above the share of the population susceptible to the disease.
主题Macroeconomics and Growth
关键词Optimal social distancing Equilibrium social distancing Covid-19
URLhttps://cepr.org/publications/dp14670
来源智库Centre for Economic Policy Research (United Kingdom)
资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/543585
推荐引用方式
GB/T 7714
Gregor Jarosch,maryam farboodi,Robert Shimer. DP14670 Internal and External Effects of Social Distancing in a Pandemic. 2020.
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