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The DOI matches its Crossref record; 37 of the 37 references it cites were found in a registry or an index.

The Macroeconomics of Epidemics

Open access
Eichenbaum, Martin, Rebelo, Sergio, Trabandt, Mathias·2020·National Bureau of Economic Research

Abstract

We extend the canonical epidemiology model to study the interaction between economic decisions and epidemics.Our model implies that people cut back on consumption and work to reduce the chances of being infected.These decisions reduce the severity of the epidemic but exacerbate the size of the associated recession.The competitive equilibrium is not socially optimal because infected people do not fully internalize the effect of their economic decisions on the spread of the virus.In our benchmark model, the best simple containment policy increases the severity of the recession but saves roughly half a million lives in the United States.

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Metadata

Authors
Eichenbaum, M., Rebelo, S., & Trabandt, M.
Venue
National Bureau of Economic Research
Published
2020-03
OpenAlex
W3012645029
Cited by
873
References
37
Type
report
Language
en
Open access
green

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CoChat. (2026). Citation check: The Macroeconomics of Epidemics. https://app.cochat.ai/papers/10.3386/w26882
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Eichenbaum, M., Rebelo, S., & Trabandt, M. (2020). The Macroeconomics of Epidemics. National Bureau of Economic Research. https://doi.org/10.3386/w26882

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Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.