The COVID epidemic and the economic activity with acquired immunity

Simple item page
dc.contributor.authorJuan Esteban Carranza
dc.contributor.authorJuan David Martín
dc.contributor.authorÁlvaro Riascos
dc.coverage.spatialBolivia
dc.date.accessioned2026-03-22T21:11:05Z
dc.date.available2026-03-22T21:11:05Z
dc.date.issued2020
dc.description.abstractWe calibrate a macroeconomic model with epidemiological restrictions using Colombian data. The key feature of our model is that a portion of the population is immune and cannot transmit the virus, which improves substantially the fit of the model to the observed contagion and economic activity data. The model implies that government restrictions and the endogenous changes in individual behavior saved around 15,000 lives and decreased consumption in 2020 by about 4.7%. The results suggest that most of this effect was the result of the government policies.
dc.identifier.doi10.32468/be.1147
dc.identifier.urihttps://doi.org/10.32468/be.1147
dc.identifier.urihttps://andeanlibrary.org/handle/123456789/86431
dc.language.isoen
dc.sourceBanco de la República Colombia
dc.subjectGovernment (linguistics)
dc.subjectCoronavirus disease 2019 (COVID-19)
dc.subjectConsumption (sociology)
dc.subjectPopulation
dc.subjectEpidemic model
dc.subjectEconomics
dc.subjectEconometrics
dc.subjectDevelopment economics
dc.titleThe COVID epidemic and the economic activity with acquired immunity
dc.typereport

Files

Collections

Informe Técnico Institucional