KEY ECONOMIC FACTS ABOUT COVID-19

Rigorous insights into the ongoing economic implications of the COVID-19 pandemic.

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Research

BFI Working Paper May 28, 2020

Civic Capital and Social Distancing during the COVID-19 Pandemic

John Barrios, Efraim Benmelech, Yael V. Hochberg, Paola Sapienza, Luigi Zingales
BFI Working Paper May 26, 2020

Epidemic Responses Under Uncertainty

Michael Barnett, Greg Buchak, Constantine Yannelis
BFI Working Paper May 26, 2020

Coronavirus: Impact on Stock Prices and Growth Expectations

Niels J. Gormsen, Ralph Koijen
BFI Working Paper May 20, 2020

Political Economy of Shelter-in-Place Compliance

Arda Gitmez, Konstantin Sonin, Austin Wright
BFI Working Paper May 18, 2020

The Persuasive Effect of Fox News: Non-Compliance with Social Distancing During the COVID-19 Pandemic

Andrey Simonov, Szymon Sacher, Jean-Pierre Dubé, Shirsho Biswas
BFI Working Paper May 15, 2020

Job Loss and Behavioral Change: The Unprecedented Effects of the India Lockdown in Delhi

Kenneth Lee, Harshil Sahai, Patrick Baylis, Michael Greenstone
BFI Working Paper May 14, 2020

US Unemployment Insurance Replacement Rates During the Pandemic

Peter Ganong, Pascal Noel, Joseph S. Vavra
BFI Working Paper May 14, 2020

The Cost of Privacy: Welfare Effects of the Disclosure of COVID-19 Cases

David Argente, Chang-Tai Hsieh, Munseob Lee
BFI Working Paper May 13, 2020

Assessing the Payroll Protection Program: A Framework and Preliminary Results

John Barrios, Michael Minnis, William Minnis, Joost Sijthoff

Insights

Insight May 28, 2020

Sovereign Debt Standstills: An Update

VoxEU; Patrick Bolton, Lee Buchheit , Pierre-Olivier Gourinchas, Mitu Gulati, Chang-Tai Hsieh, Ugo Panizza, Beatrice Weder di Mauro
Topics:  COVID-19
Podcast episode May 28, 2020

Episode 7: Learning from South Korea’s Success

Eduardo Porter, Tess Vigeland, Chang-Tai Hsieh
South Korea detected its first case of COVID-19 one day before the US, but rather than initiate lockdowns, it launched a program that shares location information on COVID-19 patients. Chang-Tai Hsieh discusses how South Korea limited COVID-19 deaths to 5.2 per million while the US rate climbed to 289 per million, and what it may reveal about the cost of privacy.
Topics:  COVID-19
Insight May 27, 2020

Dispelling Myths in the War Against the Regulatory State

RealClearPolitics; Patrick A. McLaughlin, Casey Mulligan
Topics:  COVID-19
Insight May 27, 2020

The coronavirus and efforts to fight it could be fueling opioid deaths

USA Today; Katherine Baicker, Don Simborg, Immanuel Thangaraj
Topics:  COVID-19
Insight May 26, 2020

The COVID-19 shutdown will cost Americans millions of years of life

The Hill; Scott W. Atlas, John R. Birge, Ralph L Keeney, Alexander Lipton
Topics:  COVID-19
Podcast episode May 21, 2020

Episode 6: Superspreaders

Eduardo Porter, Tess Vigeland, Katherine Baicker, Oeindrila Dube
Does visiting a bookstore put you at greater risk for infection than a fast-food restaurant? As states loosen lockdown restrictions on businesses, Katherine Baicker and Oeindrila Dube have developed a measure of which businesses pose the greatest risk for spreading disease based on factors like crowding, length of stay, and potential for touch contact.
Topics:  COVID-19
Insight May 20, 2020

The Law of Supply and Demand Isn’t Fair

New York Times; Richard Thaler
Topics:  COVID-19
Insight May 18, 2020

The U.S. should pay people to get tested for COVID-19

Washington Post; Michael Greenstone
Topics:  COVID-19

In the Media

Media Mention May 29, 2020

Why the best way to save the economy during the coronavirus crisis is simply to save lives

South China Morning Post; Michael Greenstone
Media Mention May 29, 2020

White House, Congress discuss ‘return to work’ of $450 a week

Washington Post; Peter Ganong, Pascal Noel, Joseph Vavra
Media Mention May 28, 2020

To reopen cities during pandemic, focus on neighborhoods

UChicago News; John R. Birge, Ozan Candogan
Media Mention May 28, 2020

The People Hit Hardest By Pandemic Job Loss

NPR WAMU; Erik Hurst
Media Mention May 28, 2020

Pandemic Economics: A Case For Optimism

NPR WAMU; Steven J. Davis
Media Mention May 27, 2020

The lost generation of Americans face uncertain future in the crisis

The Hill; Steven J. Davis