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Title: Tractable Epidemiological Models for Economic Analysis
Author(s): Martin Gonzalez-Eiras and Dirk Niepelt
Publication Date: May 2020
Keyword(s): COVID-19, epidemiology, logistic model and SIR model
Programme Area(s): International Macroeconomics and Finance, Macroeconomics and Growth and Public Economics
Abstract: We contrast the canonical epidemiological SIR model due to Kermack and McKendrick (1927) with more tractable alternatives that off er similar degrees of "realism" and flexibility. We provide results connecting the diff erent models which can be exploited for calibration purposes. We use the expected spread of COVID-19 in the United States to exemplify our results.
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Bibliographic Reference
Gonzalez-Eiras, M and Niepelt, D. 2020. 'Tractable Epidemiological Models for Economic Analysis'. London, Centre for Economic Policy Research. https://cepr.org/active/publications/discussion_papers/dp.php?dpno=14791