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arXiv 2107.01746econ.GNecon.THq-fin.EC
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流动性决策、经济动态与流行病

Mobility decisions, economic dynamics and epidemic

Giorgio Fabbri, Salvatore Federico, Davide Fiaschi, Fausto Gozzi

AI总结:

本文构建了嵌入SIRD流行病模型的宏观动态均衡框架,分析个体流动性决策对经济与疫情的双向影响,通过平均场博弈证明均衡存在并基于意大利疫情校准,提出政策启示。

摘要:

我们提出一个模型,该模型将易感-感染-康复-死亡(SIRD)流行病模型嵌入一个具有个体流动性的动态宏观经济均衡框架中。流动性既影响个体的收入,也影响其感染他人和被感染的概率。个体流动性选择之间的策略互补性驱动着总体经济活动的演变,而个体流动性造成的感染外部性则影响疾病传播。连续统的理性前瞻性个体协调于一个离散时间、有限状态、无限时域平均场博弈的纳什均衡。我们证明了均衡的存在性,并提供了一种递归构造方法来搜索均衡(a),该方法也指导了我们的数值研究。我们利用意大利COVID-19疫情的经验对模型进行校准,并讨论政策含义。

英文摘要:

We propose a model, which nests a susceptible-infected-recovered-deceased (SIRD) epidemic model into a dynamic macroeconomic equilibrium framework with agents' mobility. The latter affect both their income and their probability of infecting and being infected. Strategic complementarities among individual mobility choices drive the evolution of aggregate economic activity, while infection externalities caused by individual mobility affect disease diffusion. The continuum of rational forward-looking agents coordinates on the Nash equilibrium of a discrete time, finite-state, infinite-horizon Mean Field Game. We prove the existence of an equilibrium and provide a recursive construction method for the search of an equilibrium(a), which also guides our numerical investigations. We calibrate the model by using Italian experience on COVID-19 epidemic and we discuss policy implications.

机构、总结、中文摘要均由AI分析而来,可能存在错误,请以论文正文为准。

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