Deprecated: Implicit conversion from float 213.6 to int loses precision in C:\Inetpub\vhosts\kidney.de\httpdocs\pget.php on line 534
Deprecated: Implicit conversion from float 213.6 to int loses precision in C:\Inetpub\vhosts\kidney.de\httpdocs\pget.php on line 534
Deprecated: Implicit conversion from float 213.6 to int loses precision in C:\Inetpub\vhosts\kidney.de\httpdocs\pget.php on line 534
Deprecated: Implicit conversion from float 213.6 to int loses precision in C:\Inetpub\vhosts\kidney.de\httpdocs\pget.php on line 534
Deprecated: Implicit conversion from float 213.6 to int loses precision in C:\Inetpub\vhosts\kidney.de\httpdocs\pget.php on line 534
Deprecated: Implicit conversion from float 213.6 to int loses precision in C:\Inetpub\vhosts\kidney.de\httpdocs\pget.php on line 534
Deprecated: Implicit conversion from float 213.6 to int loses precision in C:\Inetpub\vhosts\kidney.de\httpdocs\pget.php on line 534
Deprecated: Implicit conversion from float 213.6 to int loses precision in C:\Inetpub\vhosts\kidney.de\httpdocs\pget.php on line 534
Deprecated: Implicit conversion from float 247.2 to int loses precision in C:\Inetpub\vhosts\kidney.de\httpdocs\pget.php on line 534
Deprecated: Implicit conversion from float 247.2 to int loses precision in C:\Inetpub\vhosts\kidney.de\httpdocs\pget.php on line 534
Deprecated: Implicit conversion from float 247.2 to int loses precision in C:\Inetpub\vhosts\kidney.de\httpdocs\pget.php on line 534
Warning: imagejpeg(C:\Inetpub\vhosts\kidney.de\httpdocs\phplern\32542061
.jpg): Failed to open stream: No such file or directory in C:\Inetpub\vhosts\kidney.de\httpdocs\pget.php on line 117 J+Macroecon
2020 ; 65
(ä): 103230
Nephropedia Template TP
gab.com Text
Twit Text FOAVip
Twit Text #
English Wikipedia
To lockdown? When to peak? Will there be an end? A macroeconomic analysis on
COVID-19 epidemic in the United States
#MMPMID32542061
Ng WL
J Macroecon
2020[Sep]; 65
(ä): 103230
PMID32542061
show ga
In this paper, we construct an extended SIR model with agents optimally choosing
outdoor activities. We calibrate the model and match it to the data from the
United States. The model predicts the epidemic in the United States very well.
Without government intervention, our simulation shows that the epidemic peaks on
22 March, 2020 and ends on 29 August, 2022. By the end of the epidemic, more than
21 million people will be infected, and the death toll is close to 3.8 million.
We further conduct counterfactual experiments to evaluate the effectiveness of
different polices against this pandemic. We find that no single policy can
effectively suppress the epidemic, and the most effective policy is a hybrid
policy with lockdown and broadening testing. Lockdown policy alone is ineffective
in controlling the epidemic as agents would have optimally stayed at home anyway
if the infection risk is high even without a lockdown. Broadening testing solely
will accelerate the return to normal life as there are fewer infected people
hanging around. However, as people do not internalize the social costs of
returning to normal life, the epidemic could get even worse. Increasing medical
capacity without any other measures only has temporary effects on reducing the
death toll. We also find that random testing is too inefficient unless a majority
of population is infected.