Belief-driven dynamics in a behavioral SEIRD macroeconomic model with sceptics

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F67985556%3A_____%2F24%3A00579211" target="_blank" >RIV/67985556:_____/24:00579211 - isvavai.cz</a>
Alternative codes found
RIV/00216208:11230/24:10481052
Result on the web
<a href="https://www.sciencedirect.com/science/article/pii/S0167268123004110?via%3Dihub" target="_blank" >https://www.sciencedirect.com/science/article/pii/S0167268123004110?via%3Dihub</a>
DOI - Digital Object Identifier
<a href="http://dx.doi.org/10.1016/j.jebo.2023.11.011" target="_blank" >10.1016/j.jebo.2023.11.011</a>

Result language
angličtina
Original language name
Belief-driven dynamics in a behavioral SEIRD macroeconomic model with sceptics
Original language description
The reluctance of a non-trivial fraction of the population to adhere to social distancing measures - and even to get vaccinated - during the COVID-19 pandemic represented a challenge for imposed public health policies in many countries around the world. Against this background we study the impact of boundedly rational perceptions for the dynamics of epidemics such as the COVID-19 pandemic in a standard epidemic model extended by a stylized macroeconomic dimension similar to Atkeson et al. (2021). We illustrate through which channels misperceptions or even “scepticism” concerning the infectiousness of the disease or its mortality rate may undermine the effectiveness of lockdowns and other public health policies in the long-run.
Czech name
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Czech description
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Type
J<sub>imp</sub> - Article in a specialist periodical, which is included in the Web of Science database
CEP classification
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OECD FORD branch
50202 - Applied Economics, Econometrics

Project
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Continuities
I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Publication year
2024
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

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