How to Design Virus Containment Policies? A Joint Analysis of Economic and Epidemic Dynamics Under the COVID-19 Pandemic

What if Merkel Had Acted Like Johnson Against Covid-19?

“…These models have been fruitfully employed to study the evolution of the pandemic in epidemiological models (e.g. Aleta et al, 2020;Bicher et al, 2020;Vermeulen, Pyka, and Müller, 2020;Wallentin, Kaziyeva, and Reibersdorfer-Adelsberger, 2020), the economic fallout in economic models (Inoue and Todo, 2020;Poledna et al, 2020;Sharma et al, 2021), as well as in integrating economic and epidemiological models to evaluate policy scenarios from both an economic and an epidemiological point of view (Basurto et al, 2021;Delli Gatti and Reissl, 2020;Dignum et al, 2020;Kano et al, 2020;Mellacher, 2020;Silva et al, 2020). Turning back to the example of school closures: Instead of assuming a certain decrease in social contacts, an agent-based model is able to explicitly model school closures, in which case neither students nor teachers go to schools anymore and thus cannot meet there.…”

“…This paper contributes to the literature using agent-based models to study economic-epidemiological outcomes in the COVID-19 pandemic (Basurto et al, 2021;Delli Gatti and Reissl, 2020;Dignum et al, 2020;Kano et al, 2020;Mellacher, 2020;Silva et al, 2020;Vermeulen, Pyka, and Müller, 2020), which is part of a larger stream of literature using agent-based models to study the pandemic (e.g. Aleta et al, 2020;Bicher et al, 2020;Inoue and Todo, 2020;Poledna et al, 2020;Sharma et al, 2021;Wallentin, Kaziyeva, and Reibersdorfer-Adelsberger, 2020) that overlaps significantly with the literature on the effects of non-pharmaceutical interventions on the evolution of the pandemic and the economy, which also encompasses other theoretical research, such as based on the sir framework or different simulation-based frameworks (e.g.…”

Endogenous viral mutations, evolutionary selection, and containment policy design

“…This paper also contributes to the literature using agent-based modeling to studying the COVID-19 crisis (e.g., Basurto et al 2021;Delli Gatti and Reissl 2020;Dignum et al 2020;Gabler et al 2021;Kerr et al 2021;Lasser et al 2020;Mellacher 2020Mellacher , 2021aSilva et al 2020;Vermeulen et al, 2020;Wallentin et al 2020).…”

“…This paper contributes to the literature on the theoretical modeling (the impact) of viral mutations and-more specifically-COVID-19 variants (e.g., Roche et al 2011;Basurto et al 2021;Buckee et al 2007;Cao et al 2021;Gabler et al 2021;Gurevich et al 2021;Gordo et al 2009;Griffin et al 2020;Halley et al 2021;Marquioni and Aguiar 2021;Pageaud et al 2021;Rella et al 2021;Rüdiger et al 2020;Williams et al 2021). My contribution is to (a) introduce a parsimonious model of endogenous viral evolution capturing both genetic and antigenic variation (i.e., evolving intrinsic and extrinsic fitness, see Smith et al 2004), as well as imperfect cross-immunity, and (b) use this framework to study aggregate dynamics and the direction of viral evolution under varying containment policies.…”

Energy Price Shocks and Stabilization Policies in a Multi-Agent Macroeconomic Model for the Euro Area

“…Policy analyses have been extensively explored in the macroeconomic ABM literature (Fagiolo and Roventini, 2012;Dawid and Delli Gatti, 2018), focusing on different policy areas such as fiscal (Dosi et al, 2013;Teglio et al, 2019), monetary (Delli Gatti and Desiderio, 2015;Giri et al, 2019), labor market (Dosi et al, 2018), macro-prudential (Aldasoro et al, 2017;Popoyan et al, 2017) and regional policies as well as virus containment interventions and vaccination strategies (Basurto et al, 2021;Delli Gatti et al, 2021). More recently, the potential of agent-based modelling for performing economic and policy analyses related to climate and energy issues has been increasingly recognized (Balint et al, 2017;Hansen et al, 2019;Castro et al, 2020).…”