Keywords: economic choice, public health, epidemiology, Policy evaluation, COVID-19
JEL codes: E24, J21, J23, J24
Abstract
Using a standard labor choice model I show how economic activity shapes and -at the same time-is shaped by an epidemic. Then, I use this framework to validate with a montecarlo analysis the stage-based identification strategy of policy effects recently proposed in Aleman et al. (2020a). I then describe their assessment of the effectiveness of the Spanish stay-home policy against Covid-19.
