Comments on Epidemics in the New Keynesian model by Eichenbaum, Rebelo, and Trabandt”

B-Tier
Journal: Journal of Economic Dynamics and Control
Year: 2022
Volume: 140
Issue: C

Score contribution per author:

2.011 = (α=2.01 / 1 authors) × 1.0x B-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

With this paper, Eichenbaum, Rebelo, and Trabandt have made another insightful and influential contribution to the growing literature on the macroeconomics of epidemics. Their papers are paving the way to a new fascinating research program whose objective is to develop empirically plausible macroeconomic models of epidemics. I argued that estimating synthetic COVID shocks in familiar DSGE models provides a good benchmark to evaluate progress toward this goal (Ferroni et al., 2021). Furthermore, evaluating alternative containment measures and how these measures should be deployed (e.g., should containment measures be targeted to the workplaces or somewhere else?) are important matters this research agenda should address. My work with Rottner (Melosi and Rottner, 2020) contributes to developing methods allowing researchers to study contact tracing and testing in macro-epidemiological models of the type studied in Eichenbaum, Rebelo, and Trabandt’s influential works.

Technical Details

RePEc Handle
repec:eee:dyncon:v:140:y:2022:i:c:s0165188922000124
Journal Field
Macro
Author Count
1
Added to Database
2026-01-26