The Macroeconomics of Epidemics

We extend the canonical epidemiology model to study the interaction between economic decisions and epidemics. Our model implies that people cut back on consumption and work to reduce the chances of being infected. These decisions reduce the severity of the epidemic but exacerbate the size of the ass...

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Bibliographic Details
Published in:The Review of financial studies 2021-11, Vol.34 (11), p.5149-5187
Main Authors: Eichenbaum, Martin S., Rebelo, Sergio, Trabandt, Mathias
Format: Article
Language:English
Subjects:
Containment
Decisions
Epidemics
Epidemiology
Macroeconomics
Recessions
Viruses
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