00000nam 2200000zi 4500 9.894144 CaOODSP 20250218145546 m o d f cr cn||||||||| 201130t20202020onca ob f000 0 eng d CaOODSP eng rda CaOODSP FB3-5/2020-50E-PDF Diez de los Rios, Antonio, author. A macroeconomic model of an epidemic with silent transmission and endogenous self-isolation / by Antonio Diez de los Rios. Ottawa, Ontario, Canada : Bank of Canada = Banque du Canada, 2020. ©2020 1 online resource (ii, 40 pages, 14 unnumbered pages) : colour illustrations. text txt rdacontent computer c rdamedia online resource cr rdacarrier Staff working paper = Document de travail du personnel, 1701-9397 ; 2020-50 "Last updated: November 26, 2020." Includes bibliographical references (pages 33-36). "We study the interaction between epidemics and economic decisions in a model where (1) agents allocate their time to market and home production and social and home leisure, (2) these activities differ in their degree of contagiousness, (3) some infected individuals are indistinguishable from susceptible individuals, and (4) agents are not necessarily rational. For baseline parameter values for the COVID-19 pandemic, we find that agents partially self-isolate by allocating more time to home activities and that the effective reproduction number of the disease stabilises at one. Detection and isolation of infected individuals severely mitigate the recession caused by the pandemic"--Abstract, page ii. COVID-19 (Disease) Econometric models. COVID-19 Pandemic, 2020-2023 Econometric models. Recessions Econometric models. COVID-19 Modèles économétriques. Pandémie de COVID-19, 2020-2023 Modèles économétriques. Récessions Modèles économétriques. Bank of Canada, issuing body. Staff working paper (Bank of Canada) 2020-50. (CaOODSP)9.806221 PDF 898 KB https://publications.gc.ca/collections/collection_2020/banque-bank-canada/FB3-5-2020-50-eng.pdf