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Social Distancing and Contact-Intensive Occupations
Famiglietti, Matthew; Leibovici, Fernando; Santacreu, Ana Maria (2020-03-24)
Some jobs certainly require more close interaction with other folks than other jobs. Which occupations are the most interactive, and which states have higher shares of these jobs?
On the Economy

Working Paper
The Distributional Effects of COVID-19 and Mitigation Policies
Hur, Sewon (2020-09-02)
This paper develops a quantitative life cycle model in which economic decisions impact the spread of COVID-19 and, conversely, the virus affects economic decisions. The calibrated model is used to measure the welfare costs of the pandemic across the age, income and wealth distribution and to study the effectiveness of various mitigation policies. In the absence of mitigation, young workers engage in too much economic activity relative to the social optimum, leading to higher rates of infection and death in the aggregate. The paper considers a subsidy-and-tax policy that imposes a tax on ...
Globalization Institute Working Papers , Paper 400

Report
How Deadly is COVID-19? Understanding the Difficulties with Estimation of its Fatality Rate
Atkeson, Andrew (2020-03-31)
To understand how best to combat COVID-19, we must understand how deadly is the disease. There is a substantial debate in the epidemiological literature as to whether the fatality rate is 1% or 0.1% or somewhere in between. In this note, I use an SIR model to examine why it is difficult to estimate the fatality rate from the disease and how long we might have to wait to resolve this question absent a large-scale randomized testing program. I focus on uncertainty over the joint distribution of the fatality rate and the initial number of active cases at the start of the epidemic around January ...
Staff Report , Paper 598

How Should the Government Spend the Fiscal Budget during the COVID-19 Pandemic?
Mercan, Yusuf; Birinci, Serdar; See, Kurt; Karahan, Fatih (2020-08-20)
A mix of expanded unemployment insurance benefits and payroll subsidies to employers may be more effective in speeding up the recovery than implementing just one of those policies.
On the Economy

COVID-19 and Financial Distress: Vulnerability to Infection and Death
Athreya, Kartik B.; Sanchez, Juan M.; Mather, Ryan; Mustre-del-Rio, Jose (2020-04-02)
Although COVID-19 initially spread faster in areas with low financial distress, evidence suggests that infections may spread most rapidly in highly financially distressed areas moving forward.
On the Economy

Discussion Paper
Businesses in the Tri-State Region Struggling to Weather the Coronavirus Outbreak
Abel, Jaison R.; Bram, Jason; Deitz, Richard (2020-03-30)
As a result of the coronavirus outbreak, New York State, New Jersey, and Connecticut have closed nonessential businesses and schools and asked residents to stay home in an effort to slow the spread of the virus. These actions are unprecedented, and the economic impacts are likely to be temporary but severe, and difficult to track and measure. With conditions changing so rapidly, timely data on the economic impacts of the outbreak and resultant policies on businesses and people are both scarce and important. In this post, we provide some very recent information on the economic effects of the ...
Liberty Street Economics , Paper 20200330a

More Households Face Food Scarcity during COVID-19
Chien, YiLi; Bennett, Julie (2020-06-18)
More U.S. households are reporting that they sometimes or often do not have enough food, according to a new Census survey.
On the Economy

The St. Louis Fed's Financial Stress Index, Version 2.0
Amburgey, Aaron; Kliesen, Kevin L.; McCracken, Michael W.; Bokun, Kathryn (2020-03-26)
The St. Louis Fed's financial stress index has been recalibrated to better capture evolving stresses in financial markets.
On the Economy

The Real State of Family Wealth: Will COVID-19 Worsen Racial, Educational and Generational Gaps in the U.S.?
Kent, Ana Hernández; Ricketts, Lowell R.; Emmons, William R. (2020-11-19)
A new quarterly assessment tracks the pandemic’s impact on wealth trends by demographic groups.
On the Economy

COVID-19 and the Importance of Testing
Vandenbroucke, Guillaume; Ravikumar, B. (2020-03-27)
Using only the number of confirmed COVID-19 cases does not help us understand the scope of the pandemic.
On the Economy

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