TY - BOOK AU - Diez de los Rios,Antonio ED - Bank of Canada, TI - A macroeconomic model of an epidemic with silent transmission and endogenous self-isolation T2 - Staff working paper = Document de travail du personnel, U1 - 330.9 15 PY - 2020/// CY - [Ottawa] PB - Bank of Canada = Banque du Canada KW - Recessions KW - Econometric models KW - COVID-19 (Disease) KW - Economic aspects KW - Récessions KW - Modèles économétriques KW - COVID-19 KW - Aspect économique KW - Basic reproduction number KW - iptcnc KW - Coronavirus disease 2019 KW - Epidemic KW - Epidemiology KW - Infection KW - Lagrange multiplier KW - Recession KW - Steady-state economy KW - Transmission (medicine) KW - Tuberculosis KW - Electronic books N1 - Distributed by the Government of Canada Publishing and Depository Services Program (Weekly acquisitions list 2020-49); "Last updated: November 26, 2020."; Includes bibliographical references; Unrestricted online access; Electronic monograph in PDF format N2 - 'We study the interaction between epidemics and economic decisions in a model where (1) agents allocate their time to market and home production and social and home leisure, (2) these activities differ in their degree of contagiousness, (3) some infected individuals are indistinguishable from susceptible individuals, and (4) agents are not necessarily rational. For baseline parameter values for the COVID-19 pandemic, we find that agents partially self-isolate by allocating more time to home activities and that the effective reproduction number of the disease stabilises at one. Detection and isolation of infected individuals severely mitigate the recession caused by the pandemic'--Abstract, page ii UR - https://epe.lac-bac.gc.ca/100/201/301/weekly_acquisitions_list-ef/2020/20-49/publications.gc.ca/collections/collection_2020/banque-bank-canada/FB3-5-2020-50-eng.pdf UR - http://publications.gc.ca/collections/collection_2020/banque-bank-canada/FB3-5-2020-50-eng.pdf UR - http://www.deslibris.ca/ID/10105571 UR - http://api.deslibris.ca/api/cover/getcover?id=10105571&thumbnail=false UR - http://api.deslibris.ca/api/cover/getcover?id=10105571&thumbnail=true ER -