7th CompNet Annual Conference
Economic Growth, Trade and Productivity Dispersion 7 th CompNet Annual Conference, June 21-22, 2018, Leopoldina, Halle (Saale), Germany The main target of this conference was to…
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CompNet Data Provider Forum & TSI Workshop
7th CompNet Data Provider Forum & 4th TSI Workshop The upcoming CompNet Data Providers Forum and TSI Workshop, taking place in Amsterdam on November 18-19, 2024, promises to be a…
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7th vintage
7th Vintage CompNet Dataset The CompNet dataset includes a set of micro-aggregated indicators to enhance policy and academic analysis on competitiveness and productivity. All the…
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8th vintage
8th Vintage CompNet Dataset The CompNet dataset includes a set of micro-aggregated indicators to enhance policy and academic analysis on competitiveness and productivity. All the…
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6th vintage
6th Vintage CompNet Dataset CompNet has created a competitiveness indicator dataset including a number of European countries. The dataset is unique in terms of its coverage and…
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ComProd Monitor
ComProd Monitor The CompNet monitor of Competitiveness and Productivity indicators ComProd is a comprehensive dataset of innovative and traditional indicators of competitiveness…
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Charts
Info Graphs Sometimes pictures say more than a thousand words. Therefore, we selected a few graphs to present our main topics visually. If you should have any questions or would…
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Expectations, Infections, and Economic Activity
Martin S. Eichenbaum, Miguel Godinho de Matos, Francisco Lima, Sergio Rebelo, Mathias Trabandt
Journal of Political Economy,
Vol. 132 (8),
2024
Abstract
The Covid epidemic had a large impact on economic activity. In contrast, the dramatic decline in mortality from infectious diseases over the past 120 years had a small economic impact. We argue that people's response to successive Covid waves helps reconcile these two findings. Our analysis uses a unique administrative data set with anonymized monthly expenditures at the individual level that covers the first three Covid waves. Consumer expenditures fell by about the same amount in the first and third waves, even though the risk of getting infected was larger in the third wave. We find that people had pessimistic prior beliefs about the case-fatality rates that converged over time to the true case-fatality rates. Using a model where Covid is endemic, we show that the impact of Covid is small when people know the true case-fatality rate but large when people have empirically-plausible pessimistic prior beliefs about the case-fatality rate. These results reconcile the large economic impact of Covid with the small effect of the secular decline in mortality from infectious diseases estimated in the literature.
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CompNet Database
The CompNet Competitiveness Database The Competitiveness Research Network (CompNet) is a forum for high level research and policy analysis in the areas of competitiveness and…
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8th Round [DL FILTER]
8th Round Welcome to the CompNet dataset. In this page, you can navigate through the many files that compose the dataset and choose which one you need for your analysis. Below,…
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