VoxEU Webcast

The Value of a cure for COVID-19: What are asset prices telling us?

Viral Acharya talks to Tim Phillips about estimating the value of a COVID-19 cure using the behaviour of stock prices and a novel vaccine progress indicator. The value of a cure is worth between 5% and 15% of wealth and rises substantially with uncertainty surrounding the frequency and duration of the pandemic.You can read the Covid economics Paper discussed, here: Covid Economics 61: 1–72.