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来源类型 | Working Paper |
规范类型 | 报告 |
DOI | 10.3386/w27289 |
来源ID | Working Paper 27289 |
Epidemic Responses Under Uncertainty | |
Michael Barnett; Greg Buchak; Constantine Yannelis | |
发表日期 | 2020-06-01 |
出版年 | 2020 |
语种 | 英语 |
摘要 | We examine how policymakers react to a pandemic with uncertainty regarding key epidemiological parameters by embedding a macroeconomic SIR model in a robust control framework. We find that optimal policy under uncertainty generates optimal mitigation responses that are asymmetric with respect to the initial estimate of the pandemic’s severity. When underestimating the severity, the robust control approach leads to a harsher quarantine, closer to the true optimal level, compared to a naive approach. When overestimating, the planner initially implements a policy similar to the true optimal policy but fails to relax it as the pandemic abates. |
主题 | Macroeconomics ; Macroeconomic Models ; Public Economics ; Health, Education, and Welfare ; Health ; COVID-19 |
URL | https://www.nber.org/papers/w27289 |
来源智库 | National Bureau of Economic Research (United States) |
引用统计 | |
资源类型 | 智库出版物 |
条目标识符 | http://119.78.100.153/handle/2XGU8XDN/584960 |
推荐引用方式 GB/T 7714 | Michael Barnett,Greg Buchak,Constantine Yannelis. Epidemic Responses Under Uncertainty. 2020. |
条目包含的文件 | ||||||
文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
w27289.pdf(908KB) | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 |
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