VoxEU, June 5, 2020, with Martin Gonzalez-Eiras. HTML.
A comparison of epidemiological models for use in economic analyses, based on the CEPR discussion paper.
We contrast the canonical epidemiological SIR model due to Kermack and McKendrick (1927) with more tractable alternatives that offer similar degrees of “realism” and flexibility. We provide results connecting the different models which can be exploited for calibration purposes. We use the expected spread of COVID-19 in the United States to exemplify our results.