The geography of pandemic containment / by Elisa Giannone, Nuno Paixão and Xinle Pang.: FB3-5/2021-26E-PDF
"How does interconnectedness affect the course of a pandemic? What are the optimal withinand between-state containment policies? We embed a spatial SIR model into a multi-sector quantitative trade model. We calibrate it to US states and the COVID-19 pandemic and find that interconnectedness increases the death toll by 146,200 lives. A local within-state containment policy minimizes welfare losses relative to a national policy or to one that reduces mobility between states. The optimal policy combines local within- and between state restrictions and saves 289,300 lives. This optimal policy induces a peak reduction in mobility of 25.97% that saves approximately 23% more lives. Different timing of policies across states is key to minimizing losses. States like South Carolina might have imposed internal lockdowns too early but travel restrictions too late"--Abstract, page ii.
Permanent link to this Catalogue record:
publications.gc.ca/pub?id=9.902884&sl=0
| Department/Agency | Bank of Canada, issuing body. |
|---|---|
| Title | The geography of pandemic containment / by Elisa Giannone, Nuno Paixão and Xinle Pang. |
| Series title | Staff working paper = Document de travail du personnel, 1701-9397 ; 2021-26 |
| Publication type | Series - View Master Record |
| Language | [English] |
| Format | Electronic |
| Electronic document | |
| Note(s) | "Last updated: June 10, 2021." Includes bibliographical references (pages 30-31). |
| Publishing information | Ottawa, Ontario, Canada : Bank of Canada = Banque du Canada, 2021. ©2021 |
| Author / Contributor | Giannone, Elisa, author. |
| Description | 1 online resource (1 volume (various pagings)) : charts. |
| Catalogue number |
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| Subject terms | COVID-19 Pandemic, 2020- -- Economic aspects -- United States. COVID-19 Pandemic, 2020- -- United States -- Prevention. Travel restrictions -- United States. Pandémie de COVID-19, 2020- -- Aspect economique -- États-Unis. Pandémie de COVID-19, 2020- -- États-Unis -- Prévention. Circulation internationale des personnes -- Restrictions -- États-Unis. |
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