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The Economic Implications of a Network SIR-Macro Model of Epidemics

Author

Listed:
  • Keven R.A. André

    (CAEN - Graduate Studies in Economics, Federal University of Ceara, Brazil)

  • Marcelo Arbex

    (Department of Economics, University of Windsor)

  • Marcio V. Correa

    (CAEN - Graduate Studies in Economics, Federal University of Ceara, Brazil)

Abstract

We embed social networks in a conventional SIR-Macro framework. The network effect amplifies the negative effects of an epidemic. Greater connectedness at work has a stronger recessionary effect. The average degree in the network (disease transmission technology) can be interpreted as policies such as social distance and lockdowns (mandatory face masks/vaccines).

Suggested Citation

  • Keven R.A. André & Marcelo Arbex & Marcio V. Correa, 2023. "The Economic Implications of a Network SIR-Macro Model of Epidemics," Working Papers 2301, University of Windsor, Department of Economics.
    • Handle: RePEc:wis:wpaper:2301
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    References listed on IDEAS

    as
    1. Martin S Eichenbaum & Sergio Rebelo & Mathias Trabandt, 2021. "The Macroeconomics of Epidemics [Economic activity and the spread of viral diseases: Evidence from high frequency data]," The Review of Financial Studies, Society for Financial Studies, vol. 34(11), pages 5149-5187.
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    More about this item

    Keywords

    Pandemic; Epidemiological model; Networks.;
    All these keywords.

    JEL classification:

    • D85 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Network Formation
    • I10 - Health, Education, and Welfare - - Health - - - General

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