| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w28182 |
| 来源ID | Working Paper 28182 |
| Stay-at-Home Orders in a Fiscal Union | |
| Mario J. Crucini; Oscar O'; Flaherty | |
| 发表日期 | 2020-12-07 |
| 出版年 | 2020 |
| 语种 | 英语 |
| 摘要 | State and local governments throughout the United States attempted to mitigate the spread of Covid-19 using stay-at-home orders to limit social interactions and mobility. We study the economic impact of these orders and their optimal implementation in a fiscal union. Using an event study framework, we find that stay-at-home orders caused a 4 percentage point decrease in consumer spending and hours worked. These estimates suggest a $10 billion decrease in spending and $15 billion in lost earnings. We then develop an economic SIR model with multiple locations to study the optimal implementation of stay-at-home orders. From a national welfare perspective, the model suggests that it is optimal for locations with higher infection rates to set stricter mitigation policies. This occurs as a common, national policy is too restrictive for the economies of mildly infected areas and causes greater declines in consumption and hours worked than are optimal. |
| 主题 | Macroeconomics ; Business Cycles ; Money and Interest Rates ; Fiscal Policy ; Public Economics ; Taxation ; Subnational Fiscal Issues ; COVID-19 |
| URL | https://www.nber.org/papers/w28182 |
| 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/585856 |
| 推荐引用方式 GB/T 7714 | Mario J. Crucini,Oscar O',Flaherty. Stay-at-Home Orders in a Fiscal Union. 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 | ||
| w28182.pdf（1628KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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