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Bank of Canada RSS Feedsen2024-03-29T12:51:50+00:00A Macroeconomic Model of an Epidemic with Silent Transmission and Endogenous Self-isolation
https://www.bankofcanada.ca/2020/11/staff-working-paper-2020-50/
We study the interaction between epidemics and economic decisions in a model that has silent transmission of the virus. We find that rational behaviour strongly diminishes the severity of the epidemic but worsens the economic recession. We also find that the detection and isolation of not only symptomatic individuals but also those who are infected and asymptomatic or mildly symptomatic can reduce the severity of the recession caused by the pandemic.2020-11-26T14:35:20+00:00enA Macroeconomic Model of an Epidemic with Silent Transmission and Endogenous Self-isolation2020-11-26Coronavirus disease (COVID-19)Economic modelsStaff Working Paper 2020-50https://www.bankofcanada.ca/wp-content/uploads/2020/11/swp2020-50.pdfAntonio Diez de los RiosNovember 2020EE1HH0II1